Solution-Corporate marginal tax rate information

Corporate marginal tax rate information

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Reference no: EM131811287

Tax Rates [LO3] Refer to the corporate marginal tax rate information in Table 2.3. a. Why do you think the marginal tax rate jumps up from 34 percent to 39 percent at a taxable income of $100,001, and then falls back to a 34 percent marginal rate at a taxable income of $335,001? b. Compute the average tax rate for a corporation with exactly $335,001 in taxable income. Does this confirm your explanation in part (a)? What is the average tax rate for a corporation with exactly $18,333,334 in taxable income? Is the same thing happening here?

Reference no: EM131811287

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Corporate marginal tax rate information

Reference no: EM131811287

Reference no: EM131811287

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