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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 $81,900. How much additional tax will you owe if you increase your taxable income by $23,100?
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