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The tax rates are shown below. Your firm currently has taxable income of $79,400. How much additional tax will you owe if you increase your

The tax rates are shown below. Your firm currently has taxable income of $79,400. How much additional tax will you owe if you increase your taxable income by $21,000?

Taxable income - Tax rate

$0-$50,000 - 15%

$50,001-$75,000 - 25%

$75,001-$100,000 - 34%

$100,001-$335,000 - 39%

$7,004

$7,014

$7,140

$7,160

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