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The tax rates are as shown below: Taxable Income $0 50,000 50,001 75,000 75,001 100,000 100,001 335,000 Tax Rate 15% 25% 34% 39% Your firm
The tax rates are as shown below: Taxable Income $0 50,000 50,001 75,000 75,001 100,000 100,001 335,000 Tax Rate 15% 25% 34% 39% Your firm currently has taxable income of $80,600. How much additional tax will you owe if you increase your taxable income by $21,800
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