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The Dyrdek Co. had $270,000 in 2014 taxable income. Use the tax rates from Table 2.3. Taxable Income Tax Rate 0-50000 15% 50001-75000 25 75001-100000
The Dyrdek Co. had $270,000 in 2014 taxable income. Use the tax rates from Table 2.3. |
Taxable Income | Tax Rate |
0-50000 | 15% |
50001-75000 | 25 |
75001-100000 | 34 |
100001-335000 | 39 |
335001-10000000 | 34 |
10000001-15000000 | 35 |
15000001-18333333 | 38 |
18333334+ | 35 |
What is the average tax rate? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) What is the marginal tax rate? (Enter your answer as a percent rounded to the nearest whole number, e.g., 32.) |
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