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A company earns $375,000 in a year (pre tax). Based on the table below, what is its marginal tax rate? Income Range Tax Bracket 40,000 11% 40,000 100,000 20% 100,000 - 160,000 25% 160,000 - 230,000 32% 230,000 310,000 40% 310,000 450,000 43%

A company earns $375,000 in a year (pre tax). Based on the table below, what is its marginal tax rate? Income Range Tax Bracket 40,000 11% 40,000 100,000 20% 100,000 - 160,000 25% 160,000 - 230,000 32% 230,000 310,000 40% 310,000 450,000 43%

ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
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A company earns $375,000 in a year (pre tax). Based on the table below, what is its marginal tax rate? Income Range Tax Bracket 40,000 11% 40,000 100,000 20% 100,000 - 160,000 25% 160,000 - 230,000 32% 230,000 310,000 40% 310,000 450,000 43%
Transcribed Image Text:A company earns $375,000 in a year (pre tax). Based on the table below, what is its marginal tax rate? Income Range Tax Bracket 40,000 11% 40,000 100,000 20% 100,000 - 160,000 25% 160,000 - 230,000 32% 230,000 310,000 40% 310,000 450,000 43%
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