How much will it owe in taxes ? General accounting question Alpine Enterprises has a marginal tax rate of 28 percent and an average taxrate of 19 percent. If the company reports $145,000 in taxable income for thefiscal year, how much will it owe in taxes?a. $27,550b. $40,600c. $32,625d. $20,300e. $41,325

Step 1: Define Taxes OwedTaxes owed represent the total tax liability of a company based on its…

Answered: Alpine Enterprises has a marginal tax…

EBK CONTEMPORARY FINANCIAL MANAGEMENT

14th Edition

ISBN:9781337514835

Author:MOYER

Publisher:MOYER

Chapter2: The Domestic And International Financial Marketplace

Section2.A: Taxes

Problem 3P

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Alpine Enterprises has a marginal tax rate of 28 percent and an average tax rate of 19 percent. If the company reports $145,000 in taxable income for the fiscal year, how much will it owe in taxes? a. $27,550 b. $40,600 c. $32,625 d. $20,300 e. $41,325