1.     Use the following information to answer the following questions:     Taxable income                            Tax rate     $                0 – $  50,000    15%     $       50,001 – $  75,000    25%     $       75,001 – $100,000    34%     $     100,001 – $335,000    39%     $     335,001 – $10.000 million    34%     $10,000,001 – $15.000 million    35%     $15,000,001 – $18.333 million    38%     $18,333,334 and above    35% A.  If a firm has taxable income of $16.2 million, its marginal tax rate is          .   B.  If a firm has taxable income of $16.2 million, its average tax rate is _____.

If Hulk has taxable income = $94,000, how much will it pay in taxes?  Select one: a. $16,750 b. $13,500 c. $20,210 d. $11,750 e. $10,050 ???

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What is the tax owed ?

What is the income tax due if X corporation is a regular domestic corporation?   P75,000 P60,000 P50,000 P25,000

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F7 A certain state uses the following progressive tax rate for calculating individual income tax: 7 ht©2003-2022 International Academy of Science. All Rights Reserved. F8 0-10,000 3% 10,001 - 50,000 5% 50,001 - 100,000 5.5% Calculate the state income tax owed on a $90,000 per year salary. tax = $[?] Round your answer to the nearest whole dollar amount. F9 Income Range ($) h 8 9. prtsc F10 home F11 Progressive Tax Rate . F12 + 11. delete Enter Backspace Num Lock CE 9:07. 11/5/20 +1_

Status Single     DATA TABLE             Total Tax Payments  $                   8,342         Taxable Income  $            55,060.00     20,000           30,000   Total Tax  $                   7,972     40,000               Refund Amount                       Amount Owed           Create a one-way data table that will show the Total Tax (cell C7) for the three values of Taxable Income shown in cells F5 to F7. Answer these questions about the process of creating the data table. Before creating the table, what formulas must be put into the cells around the table? What must be entered in cell F4 before selecting Data Table from What-If Analysis?

Please show work and explain

Pleas calculate the AVERAGE and MARGINAL TAX based on the tax bracket provided below. (Hint: every box in the table may NOT be used.) $0 $1,001 $3,001 Tax Bracket $10,001 $20,001 $40,001 $1,000 $3,000 $10,000 $20,000 $40,000 & Above Average Tax:__`17.729% Marginal Tax:__`25¹% Tax 5% 10% 15% 25% 30% 45% $ $ Taxable Income Amount Taxed type your ansv type your ansv type your ansv = type your ansv $16,500 $ $ $ $ Actual Tax Paid type your answe type your answe type your answe type your answe type your answe Amount Remaining $ $ $ $ type your answe type your answe type your answe type your answe