The tax rates for a particular year are shown below: Taxable Income Tax Rate $0 –...
The tax rates for a particular year are shown below: Taxable Income Tax Rate $0 – 50,000 15 % 50,001 – 75,000 25 % 75,001 – 100,000 34 % 100,001 – 335,000 39 % What is the average tax rate for a firm with taxable income of $124,513?
Homework Answers
Total taxes=(50,000*0.15)+(25,000*0.25)+(25,000*0.34)+(24,513*0.39)
= 31810.07
Average tax rate=Total taxes/Taxable income
= 31810.07/124,513
=25.55%(Approx).
NOTE:The first $50,000 is taxed at 15%;the next (75,000-50,000)=$25,000 at 25% and so on.
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The tax rates for a particular year are shown below: Taxable
Income Tax Rate $0 –...
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The tax rates for a particular year are shown below: Taxable Income $0 - 50,000 50,001 - 75,000 75,001 - 100,000 100,001 - 335,000 Tax Rate 15% 25% 34% 39% What is the average tax rate for a firm with taxable income of $122,513? Multiple Choice 27.82% 25.33% 39.00% 20.00%
please help The tax rates for a particular year are shown below: Taxable Income $0 –...
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The tax rates for a particular year are shown below: Taxable Income $0 – 50,000 50,001 – 75,000 75,001 - 100,000 100,001 - 335,000 Tax Rate 15% 25% 34% 398 What is the average tax rate for a firm with taxable income of $123,013? Multiple Choice 0 25.38% o o 0 39.00% 0 2787% 27.87% 20.00%
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Given this tax table, what is the average tax rate and what is the marginal tax...
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The Anberin Co. had $280925 in 2015 taxable income. Use the tax rates from Table 2.3. Calculate the company's average tax rate. TABLE 2.3 Taxable Income Tax Rate Corporate Tax Rates 50,000 75,000 100,000 100,001-335,000 335,001-10,000,000 10,000,001-15,000,000 15,000,001-18,333,333 15% 25 34 39 34 35 38 35 50,001 75,001 18,333,334+
The Anberlin Co. had $272194 in 2015 taxable income. Use the tax rates from Table 2.3....
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The tax rates for a particular year are shown below: Taxable Income $0 - 50,000 50,001 - 75,000 75,001 - 100,000 100,001 - 335,000 Tax Rate 15% 25% 34% 39% What is the average tax rate for a firm with taxable income of $122,513? Multiple Choice 27.82% 25.33% 39.00% 20.00%
please help
The tax rates for a particular year are shown below: Taxable Income $0 – 50,000 50,001 – 75,000 75,001 - 100,000 100,001 - 335,000 Tax Rate 15% 25% 34% 398 What is the average tax rate for a firm with taxable income of $123,013? Multiple Choice 0 25.38% o o 0 39.00% 0 2787% 27.87% 20.00%
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