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The Bluths' Banana Co. had $89,000 in 2011 taxable income. Using the marginal tax rates from the following table, calculate the company's 2011 income taxes.
The Bluths' Banana Co. had $89,000 in 2011 taxable income. Using the marginal tax rates from the following table, calculate the company's 2011 income taxes. Taxable Income Tax Rate $ 0 -- 50,000 15% 50,001 -- 75,000 25 75,001 -- 100,000 34 100,001 -- 335,000 35 34% None 20.80% O 30,260.00 18,510
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