The herreta co had 246000 in axable income calulate the

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The Herreta Co. had $246,000 in axable income. Calulate the company's income taxes. What is the average tax rate? What is the marginal tax rate?

The table to use is:

Income Tax Rate
$ 0 - 50,000 15%
$50,001- $75,000 25
$75,001-100,000 34
$10001 - 335,000 39

Reference no: EM13570296

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