Average versus marginal tax rate suppose franklin, Financial Management

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Average versus marginal tax rate suppose franklin

Average versus Marginal Tax Rate: Suppose Franklin Corporation had pre-tax income of $300,000 in 2010 and that the firm would have paid $100,250.00 in federal income taxes. What is Franklin’s average income tax rate? (Round off to the nearest 0.1%) Entry field with incorrect answer

(a) 34.7% (b) 38.6% (c) 39.0% (d) 33.4%

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Financial Management: Average versus marginal tax rate suppose franklin

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