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Use excel sheet B r u .TEE 6-A. Merge & Center. # S. %, Format as Neutral Font 3.30 Menomonie Casino Company earned $23,458,933 before

image text in transcribedUse excel sheet
B r u .TEE 6-A. Merge & Center. # S. %, Format as Neutral Font 3.30 Menomonie Casino Company earned $23,458,933 before interest and for the fiscal year ending March 31, 2014. If the casino had interest expenses of $1,645,123, calculate its tax burden using Exhibit 3.6. What are the marginal and the average tax rates for this company? EBIT Interest expenses 23,458,933 1,645,123 4 Tax schedule U.S. Federal Corporate Income Tax Rates for 2013 Upto 0 S 50,000 75,000 75001 $ 100,000 100,001 $ 335,000 335,001 $ 10,000,000 10,000,001 15,000,000 15,000,001 $18,333,333 Rate 15% 25% 34% 39% 34% 35% 38% 35% Taxable Income from 2 50,001 S 9 18,333,334 $ i #326 | #329|E3.301

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