Suppose the tax rate is 0 for taxable income less than 0

Reference no: EM13581452

Suppose the tax rate is 0% for taxable income less than $0.For positive taxable income up to and including $25,000, the tax rate is 15%; for taxable income greater than $25,000 but less than $50,000, the tax rate is 25%; and for taxable income greater than $50,000, the tax rate is 34%. Calculate the expected tax payable for the following two projects.

Reference no: EM13581452

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