How much additional tax will this taxpayer pay on additional

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Use the following tax rates to answer questions Also, assume the business has taxable income of $150,000. Taxable Income Tax Rate $ 0 - 50,000 15% 50,001 - 75,000 25% 75,001 - 100,000 34% 100,001 - 335,000 39% 1) How much tax will this company pay based on the information above. 2) What is the average tax rate paid by the the taxpayer? 3) What is the "Marginal Tax Rate" for this taxpayer at this level of income? 4) At this marginal tax rate, how much additional tax will this taxpayer pay on an additional $10,000 of taxable income?

Reference no: EM131522242

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