Question
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% Your firm currently
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% |
| Your firm currently has taxable income of $81,500. How much additional tax will you owe if you increase your taxable income by $22,700? |
Multiple Choice
-
$8,853
-
$7,538
-
$7,548
-
$7,718
-
$7,928
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Applied International Finance
Authors: Thomas J O'Brien
1st Edition
1606497340, 9781606497340
