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23 September, 06:50

The tax rates are as shown. taxable income tax rate $0 - 50,000 15% 50,001 - 75,000 25% 75,001 - 100,000 34% 100,001 - 335,000 39% what is the average tax rate for a firm with taxable income of $129,513?

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  1. 23 September, 09:01
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    To get the answer, first you have to identify at which rate is your taxable income falls. From the rage of 100,001 - 335,000, it have 39%. Then you will just simple multiply it.

    Income x 0.39 = tax rate

    the answer is $ 50,510.07.
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