Sea harbor inc. has a marginal tax solve this accounting questions Sea Harbor, Inc. has a marginal tax rate of 35 percent andan average tax rate of 22 percent. If the firmearns $79,500 in taxable income, how much will it owe intaxes?a. $10,335.b. $16,695.c. $17,490.d. $27,030.e. $27,825.

To calculate the tax liability, we need to use the marginal tax rate because the firm's taxable…

Answered: Sea Harbor, Inc. 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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Sea Harbor, Inc. has a marginal tax rate of.... Please need answer the accounting question
The tax rates are as shown. Your firm currently has taxable income of $130,013. What is your firm's average tax rate? Taxable Income $0-50,000 50,00175,000 34% 75,001 - 100,000 100,001 - 335,000 18.75% 19.31% 26.12% Tax Rate 15% 25% 34% 39%
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Sea Harbor, Inc. has a marginal tax rate of 35 percent and an average tax rate of 22 percent. If the firm earns $79,500 in taxable income, how much will it owe in taxes? a. $10,335. b. $16,695. c. $17,490. d. $27,030. e. $27,825.