Principles of Accounting Volume 2
Principles of Accounting Volume 2
19th Edition
ISBN: 9781947172609
Author: OpenStax
Publisher: OpenStax College
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Alpine Tech Corporation has a marginal tax rate of
40% and an average tax rate of 25%. If the company
earns $120,000 in taxable income, how much will it
owe in taxes?
a. $30,000
b. $35,000
c. $40,000
d. $48,000
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Transcribed Image Text:Alpine Tech Corporation has a marginal tax rate of 40% and an average tax rate of 25%. If the company earns $120,000 in taxable income, how much will it owe in taxes? a. $30,000 b. $35,000 c. $40,000 d. $48,000
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