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The tax rates are as shown below: Taxable IncomeTax... 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 IncomeTax... 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 $80,700. How much additional tax will you owe if you increase your taxable income by $21,900?

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