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Your firm currently has taxable income of $80,500. How much additional tax will you owe if you increase your taxable income by $21,700? The tax
Your firm currently has taxable income of $80,500. How much additional tax will you owe if you increase your taxable income by $21,700?
The tax rates are as shown.
Taxable Income | Tax Rate |
$0 50,000 | 15% |
50,001 75,000 | 25% |
75,001 100,000 | 34% |
100,001 335,000 | 39% |
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