Question
The tax rates are as shown below: Taxable Income Tax Rate $0 50,000 15 % 50,001 75,000 25 % 75,001 100,000 34 % 100,001 335,000
The tax rates are as shown below:
| Taxable Income | Tax Rate | |
| $0 50,000 | 15 | % |
| 50,001 75,000 | 25 | % |
| 75,001 100,000 | 34 | % |
| 100,001 335,000 | 39 | % |
Your firm currently has taxable income of $81,600. How much additional tax will you owe if you increase your taxable income by $22,800?
Multiple Choice
-
$7,972
-
$7,752
-
$8,892
-
$7,592
-
$7,582
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Globalization Gating And Risk Finance
Authors: Unurjargal Nyambuu, Charles S. Tapiero
1st Edition
1119252652, 978-1119252658
