Alpha, Inc

question 292

Multiple Choice

Alpha, Inc. earned $95,000 in net income in 2014 and paid $20,548.50 in taxes. Alpha, Inc. earned $95,001 in net income in 2015 and paid $20,548.84 in taxes. What is the marginal tax rate for Alpha,
Inc) ?

• A) 15%
• B) 25%
• C) 34%
• D) 35%
• E) 38%

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Definitions:

Nixon Administration

The presidency of Richard Nixon, the 37th President of the United States, from 1969 to 1974, marked by significant foreign policy achievements and concluded by the Watergate scandal leading to Nixon's resignation.

Corrupt

Involved in bribery or other dishonest practices, typically involving public officials or people in power.

Encoding Failure

The failure to remember certain information due to its lack of encoding into long-term memory.

ENIAC

ENIAC, or Electronic Numerical Integrator and Computer, was one of the earliest electronic general-purpose computers made, operational in 1945.