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The tax rates for a particular year are shown below. Taxable income Tax Rate $0 - 50,000 15 50,001 - 75,000 25 %%%% 75,001 -

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The tax rates for a particular year are shown below. Taxable income Tax Rate $0 - 50,000 15 50,001 - 75,000 25 %%%% 75,001 - 100,000 34 100,001 - 335,000 39 If the firm had EBIT of $176,000 and interest expense of $13.000, what is its tax liability for the year? $48,820 548 260 563 570 S86 840 $68,640

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