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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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