Eccentricity, Incorporated had $300,000 in year-end taxable income. Assuming the following tax schedule, what are...
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Eccentricity, Incorporated had $300,000 in year-end taxable income. Assuming the following tax schedule, what are the company's year-end income taxes, average tax, and marginal tax rate, respectively?
Taxable incomePay this amount on Base incomePlus this percentage on anything over the base$0 $50,000$ 015%$50,001 $75,000$ 7,50025%$75,001 $100,000$ 13,75034%$100,001 $335,000$ 22,25039%$335,000 $10,000,000$ 113,90034%
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