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How much additional tax will owe

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Reference no: EM132626004

The tax rates are as shown below:

Taxable Income      Tax Rate

$0 - 50,000                 15%

50,001 - 75,000           25%

75,001 - 100,000         34%

100,001 - 335,000        39%

Problem 1: Your firm currently has taxable income of $80,900. How much additional tax will you owe if you increase your taxable income by $22,100?

Reference no: EM132626004

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