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Based on the corporate tax table below, what is the average tax rate for a firm with $120,000 taxable income? (Input answer in percent format, E.g. 45, without % sign)
Taxable Income Marginal Tax Rates
$0 - 50,000 15%
50,001 - 75,000 25%
75,001 - 100,000 34%
100,001 - 335,000 39%
335,001 - 10,000,000 34%
10,000,001 - 15,000,000 35%
15,000,001 - 18,333,333 38%
18,333,334 + 35%
You are going to receive $200,000 in 50 years. What is the difference in present value between using a discount rate of 15 percent versus using 5 percent?
Spreadsheet mpodelling and decision analysis
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