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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% 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 $80,100. How much additional tax will you owe if you increase your taxable income by $21,300? |
$8,307
$7,312
$6,932
$7,242
$6,922
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