Tiny techs taxable income is 72000 a new product would


Tiny Tech's taxable income is $72,000. A new product would increase this by $15,000 (to $87,000) per year for 10 years.

(a) What tax is paid without the new product?

(b) What tax is paid with the new product?

(c) What are the product's marginal and average income tax rates?

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Business Economics: Tiny techs taxable income is 72000 a new product would
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