Ann s average income tax rate is 30%, and her marginal income tax rate is 37%....
Ann s average income tax rate is 30%, and her marginal income tax rate is 37%. Her property tax bill for 2015 was $12,000 and her total interest payment on her mortgage was $9,500. Based on this information, what is Ann s total income tax shield (i.e. how much is Ann saving on her income taxes)
Homework Answers
Income tax shield = Interest payments*Marginal tax rate
= 9500*37%
= $3515
Hence Ann's total income tax shield = $3515
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Ann s average income tax rate is 30%, and her marginal income
tax rate is 37%....
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A company has $13,500,000 in taxable income. Consider the
following corporate marginal tax rates:
1. What is the marginal tax rate for the
company?
2. What is the total tax bill for the company, i.e., how
much does the company have to pay in taxes (in $)?
3. What is the company's average tax rate?
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