Pyri Flours, a sole proprietorship, owes $9,741 in taxes on taxable income of $61,509. If the firm earns $100 more in income, it will owe an additional $22 in taxes. What is the average tax rate on income of $61,609? Multiple Choice 33.33% 35.00% 15.85% 30.33% 15.00%
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- A company has wants to earn an income of $60,000 after-taxes. If the tax rate is 32%, what must be the companys pre-tax income in order to have $60,000 after-taxes? A. $88,235 B. $19,200 C. $79,200 D. $143,000Pyri Flours, a sole proprietorship, owes $9, 741 in taxes on taxable income of $61,509. If the firm earns $100 more in income, it will owe an additional $22 in taxes. What is the average tax rate on income of $61,609?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 % Your firm currently has taxable income of $81,600. How much additional tax will you owe if you increase your taxable income by $22, 800 ?
- Oakdale Fashions, Inc. had $245.000 in 2018 taxable income. Using the tax schedule in Table 23 to calculate the company's 2018 income taxes. (Round your answer to the nearest dollar amount.) Income taxes What is the average tax rate? (Round your answer to2 declmal places.) Average tax rate What is the marginal tax rate? Marginal tax rate2. Table is given below shows that marginal tax rates for Alejandro Corporation. Taxable Income of the Company is equal to $44.000. How much will the Company pay tax totally? Average tax rate? ( NOTE: PLEASE SHOW HOW YOU COMPUTE EACH OF THE ITEMS. Taxable Income (S) Tax Rate 0 - 16.000 10% 16.000 - 39.000 12% 39.000-55.000 16% 55.000 – 70.000 19% 70.000- 86.000 23%2. Table is given below shows that marginal tax rates for Alejandro Corporation. Taxable Income of the Company is equal to $44.000. How much will the Company pay tax totally? Average tax rate? (15p) NOTE: PLEASE SHOW HOW YOU COMPUTE EACH OF THE ITEMS. Taxable Income (S) 0- 16.000 Tax Rate 10% 16.000 – 39.000 12% 39.000 – 55.000 16% 55.000 – 70.000 19% 70.000 – 86.000 23%Eccentricity, Incorporated had $300,000 in 2018 taxable income. Using the tax schedule from Table 2.3, what are the company's 2018 income taxes, average tax rate, and marginal tax rate, respectively? Taxable income Pay this amount on Base income Plus this percentage on anything over the base $0 – $50,000 $ 0 15% $50,001 – $75,000 $ 7,500 25% $75,001 – $100,000 $ 13,750 34% $100,001 – $335,000 $ 22,250 39% $335,000 – $10,000,000 $ 113,900 34%2. Table is given below shows that marginal tax rates for Alejandro Corporation. Taxable Income of the Company is equal to $44.000. How much will the Company pay tax totally? Average tax rate? ( NOTE: PLEASE SHOW HOW YOU COMPUTE EACH OF THE ITEMS. Taxable Income ($) Tax Rate 0 - 16.000 10% 16.000 – 39.000 12% 39.000- 55.000 16% 55.000 - 70.000 19% 70.000 – 86.000 23%Using the marginal tax rate below, calculate the tax liability for A.B.C Company when it has a taxable income of $ 4,500, 000 Marginal tax rate: $0 - 50,000 15% $50,000 - 75,000 25% $75,000 10,000,000 34% above 10,000,000 35% Additional: 5% on income between $100,000 - $335,000 3% on income between $15,000,000 - $18,333,333 Use the editor to format your answerThe tax rates are as shown. Your firm currently has taxable income of $130,013. What is your firm's average tax rate? Taxable Income $0-50,000 50,00175,000 34% 75,001 - 100,000 100,001 - 335,000 18.75% 19.31% 26.12% Tax Rate 15% 25% 34% 39%Assume that the personal tax rate on interest income is 15% and the personal tax rate on dividends is 10%. Assume also that the Company generates EBIT equal to 5 euros and distributes 40% of these earnings (payout ratio = 40%) to its shareholders. What is the net income that the shareholder receives after taxes? Coporate tax =22% a) 3.51 b) 1.40 c) 1.78 d) None of the above.Give typing answer with explanation and conclusion 6. Thornton, Inc., had taxable income of $131,387 for the year. The company's marginal tax rate was 35 percent and its average tax rate was 22.8 percent. How much did the company have to pay in taxes for the year?SEE MORE QUESTIONS