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The tax rates are as shown. Taxable Income Tax Rate 0- 50,000 15% 50,001 - 75,000 25% 75,001 - 100,000 34% 100,001 - 335,000 39%
The tax rates are as shown.
Taxable Income Tax Rate
0- 50,000 15%
50,001 - 75,000 25%
75,001 - 100,000 34%
100,001 - 335,000 39%
Nevada Mining currently has taxable income of 80,900. How much additional tax will the firm owe if taxable income increases by 21,100?
A. 6,503
B. 6,494
C. 7,274
D. 7,174
E. 7,289
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