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The Bre Co. had $328,970 in taxable income. Using the rates from the table below, calculate the companys income taxes. What is the average tax
The Bre Co. had $328,970 in taxable income. Using the rates from the table below, calculate the companys income taxes. What is the average tax rate? Enter your answer with 4 decimals (e.g. 0.12345).
Taxable Income Tax Rate $ 0- 50,000 50,001 - 75,000 75,001- 100,000 100,001- 335,000 335,001- 10,000,000 10,000,001- 15,000,000 15,000,001 - 18,333,333 18,333,334+ 15% 25 34 39 34 35 38 35Step by Step Solution
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