How much will firm owe in taxes if it earns taxable income


Sea Harbor, Inc. has a marginal tax rate of 35 percent and anaverage tax rate of 22 percent. If the firm earns $79,500 intaxable income, how much will it owe in taxes?

a. $10,335
b. $16,695
c. $17,490
d. $27,030
e. $27,825

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Finance Basics: How much will firm owe in taxes if it earns taxable income
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