18 Jan

The Dyrdek Co. had $264,000 in 2014 taxable income

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Question: The Dyrdek Co. had $264,000 in 2014 taxable income…

The Dyrdek Co. had $264,000 in 2014 taxable income. Use the tax rates from Table 2.3. What is the average tax rate? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)

Average tax rate %

What is the marginal tax rate? (Enter your answer as a percent rounded to the nearest whole number, e.g., 32.)

Marginal tax rate %

Taxable Income Tax rate

$0-50000 15%

50001-75000 25

75001-100000 34

100001-335000 39

335001-10000000 34

10000001-15000000 35

15000001-18333333 38

18333334+ 35

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