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The Stefani Co. had $288,000 in taxable income. Taxable Income Tax Rate $ 0- 50,000 15% 50,001- 75,000 25 75,002- 100,000 34 100,001- 335,000 39
The Stefani Co. had $288,000 in taxable income.
Taxable Income Tax Rate
$ 0- 50,000 15%
50,001- 75,000 25
75,002- 100,000 34
100,001- 335,000 39
335,001- 10,000,000 34
10,000,001- 15,000,000 35
15,000,001- 18,333,333 38
18,333,334+ 35
Table%202.3.JPG
Calculate the company's income taxes.
What is the average tax rate?
What is the marginal tax rate?
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