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You have sales of $250,000 and cost of goods sold (materials and labor) comes to $155,000. Assuming no other income or expenses: a. what is
You have sales of $250,000 and cost of goods sold (materials and labor) comes to $155,000. Assuming no other income or expenses:
a. what is your tax bill?
b. what is the marginal rate?
c. what is the average rate?
The problem above continues. In addition to the above, you have posted $10,000 in interest income and paid $25,000 in common stock dividends.
a. what is your new tax bill?
b. what is the new marginal rate?
c. what is the new average rate?
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