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The tax rates are as shown. Taxable income 0 - 50,000 50,001 - 75,000 75,001 - 100,000 100,001 - 335,000 Tax Rate 15% 25% 34%
The tax rates are as shown. Taxable income 0 - 50,000 50,001 - 75,000 75,001 - 100,000 100,001 - 335,000 Tax Rate 15% 25% 34% 39% Nevada Mining currently has taxable income of 81,300. How much additional tax will the firm owe if taxable income increases by 23,300? 6,358 7,922 8,168 8,152 6,367
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