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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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