Currently income is under 75,001 - 100,000 slab
For 24,500
Amount in 34% slab = 100,000 - 89,754 = $10,246
Amount in 39% slab = 24,500 - 10,246 = $14,254
Tax owed = 0.34(10,246) + 0.39(14,254)
Tax owed = $9,042.70
Question 6 11.11 pts The tax rates are as shown. Your firm currently has taxable income...
The tax rates are as shown. Your firm currently has taxable income of 79,800. How much additional tax will you owe if you increase your taxable income by 22,300? Taxable Income Tax Rate 0-50,000 15% 50,001 - 75,000 25% 75,001 - 100,000 34% 100,001 - 335,000 39%
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% Your firm currently has taxable income of $80,000. How much additional tax will you owe if you increase your taxable income by $21,200?
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?
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%
Show work/formula. Explain. Thank you!
2. Use the following tax table to answer this question: Taxable Income Tax Rate $0- 50,001- 75,001- $50,000| 15% 75,000 25 34 39 335.001-110,000,000 | 34 100,000 100,001- 335,000 A company has taxable income of $401,560. How much does it owe in taxes?
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%
The Anberlin Co. had $272194 in 2015 taxable income. Use the tax rates from Table 2.3. Calculate the company’s marginal tax rate. Taxable Income Tax rate $0-50,000 15% 50,001-75,000 25% 75,001-100,000 34% 100,001-335,000 39% 335,001-10,000,000 34% 10,000,001-15,000,000 35% 15,000,001-18,333,333 38% 18,333,334 + 35%
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+
MC algo 2-4 Average Tax Rate 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 $131,513? Multiple Choice 20.00% 37.16% 26.26%
Taxable Income Tax Rate $0-50,000 15% $50,001-75,000 25% $75,001-100,000 34% $100,001-335,000 39% $335,001-10,000,000 34% The Holiday Inn earned $208,915 in taxable income for the year. How much tax does the company owe on this income? Please explain and how to compute on financial calculator. Step by step explanation please. and financial calculations.