Question
The tax rates for a particular year are shown below: Taxable IncomeTax Rate $0 - 50,000 15% 50,001 - 75,000 25% 75,001 - 100,000 34%
The tax rates for a particular year are shown below:
Taxable IncomeTax Rate
$0 - 50,000 15%
50,001 - 75,000 25%
75,001 - 100,000 34%
100,001 - 335,000 39%
What is the average tax rate for a firm with taxable income of $122,513?
Multiple Choice
- 27.82%
- 36.23%
- 20.00%
- 25.33%
- 39.00%
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Analysis for Financial Management
Authors: Robert C. Higgins
12th edition
1259918963, 9781260140729 , 978-1259918964
