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Waverider Inc.'s balance sheet shows current assets of $800 and current liabilities of $620 for the most recent year. Note: Each part is independent of
Waverider Inc.'s balance sheet shows current assets of $800 and current liabilities of $620 for the most recent year. Note: Each part is independent of all other parts. Intro A company has taxable income of $3,000,000. The corporate tax rates are as follows: Taxable income ($) 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% 18,333,334+ 35% Part 1 Attempt 1/1 What is the total tax bill for the company, i.e., how much does the company have to pay in taxes (in $)? 0+ decimals Save Attempt 1/1 Part 2 What is the company's average tax rate? 3+ decimals Waverider Inc.'s balance sheet shows current assets of $800 and current liabilities of $620 for the most recent year. Note: Each part is independent of all other parts. Intro A company has taxable income of $3,000,000. The corporate tax rates are as follows: Taxable income ($) 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% 18,333,334+ 35% Part 1 Attempt 1/1 What is the total tax bill for the company, i.e., how much does the company have to pay in taxes (in $)? 0+ decimals Save Attempt 1/1 Part 2 What is the company's average tax rate? 3+ decimals
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