Question
Trask Industries EBT is $3,200,000. What is the marginal tax rate? What is the average tax rate? Please show work. Earnings Before Taxes Tax Rate
Trask Industries EBT is $3,200,000. What is the marginal tax rate? What is the average tax rate? Please show work.
| Earnings Before Taxes | Tax Rate |
| $0-$50,000 | 15% |
| $50,001-$75,000 | 25% |
| $75,001-$100,000 | 34% |
| $100,001-$335,000 | 39% |
| $335,001-$10,000,000 | 34% |
| $10,000,001-$15,000,000 | 35% |
| $15,000,001-$18,333,333 | 38% |
| Over $18,333,333 | 35% |
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The Basics Of Public Budgeting And Financial Management
Authors: Charles E. Menifield
4th Edition
0761872116, 978-0761872115
