What is your marginal tax rate and net income

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Reference no: EM131092389

Your company generated $3.7 million revenue in 2013. Annual costs/depreciation are as follows: cost of goods sold that year was $800,000; salaries and wages that were paid were $1,000,000; advertising costs were $30,000; depreciation was $50,000; other operating expenses were $100,000; and rent was $250,000. In this case,

a) How much federal tax do you owe?

b) What is your average tax rate?

c) What is your marginal tax rate?

d) What is your net income?

Reference no: EM131092389

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