What is the company average tax rate

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Reference no: EM131552709

If a company earns $976,000 worth of taxable income what is the company's average tax rate?

Taxable income

Tax rate First $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%

Over $18,333,333 39%

Reference no: EM131552709

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