Trask industries ebt is 3200000 what is the marginal tax, Accounting Basics

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Trask industries ebt is 3200000 what is the marginal tax

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%.

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Accounting Basics: Trask industries ebt is 3200000 what is the marginal tax

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Accounting Basics: Trask industries ebt is 3200000 what is the marginal tax

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