What Is the Marginal Tax Rate for a Corporation with $60,000

question 23

Multiple Choice

What is the marginal tax rate for a corporation with $60,000 taxable income and an average tax rate of 16.67 percent if the next-lowest marginal tax rate of 15 percent covers taxable incomes up to $50,000?

• A)15.00 percent
• B)16.67 percent
• C)18.34 percent
• D)25.00 percent $60,000 taxable income
• X )1667 average tax rate
• = $10,000 tax liability

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