Don't use ai given answer accounting questions Alpine Tech Corporation has a marginal tax rate of40% and an average tax rate of 25%. If the companyearns $120,000 in taxable income, how much will itowe in taxes?a. $30,000b. $35,000c. $40,000d. $48,000

Step 1: Definition of Average Tax RateThe Average Tax Rate is the percentage of taxable income that…

Answered: Alpine Tech Corporation has a marginal…

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter3: Cost-volume-profit Analysis

Section: Chapter Questions

Problem 8MC: A company has wants to earn an income of $60,000 after-taxes. If the tax rate is 32%, what must be...

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Alpine Tech Corporation has a marginal tax rate of 40% and an average tax rate of 25%. If the company earns $120,000 in taxable income, how much will it owe in taxes? a. $30,000 b. $35,000 c. $40,000 d. $48,000