Probem
Trask Industries' EBT is $3200000. What is the marginal tax rate? What is the average tax rate?
Earnings Before Taxes Tax Rate
0- 50,000 15%
$50001- $75000 25%
$75001- $100000 34%
$100001- $335000 39%
$335001- $10000000 34%
$10000001- $15000000 35%
$15000001- $18333333 38%
Over $18333333 35%.