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The Stefani Co. had $292,000 in taxable income. Use the rates from Table 2.3. Calculate the companys income taxes. (Do not round intermediate calculations and
The Stefani Co. had $292,000 in taxable income. Use the rates from Table 2.3. |
Calculate the companys income taxes. (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) |
Income taxes | $ |
What is the average tax rate? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) |
Average tax rate | % |
What is the marginal tax rate? (Do not round intermediate calculations and enter your answer as a percent rounded to the nearest whole number, e.g., 32.) |
Marginal tax rate | % |
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