What are the marginal and the average tax rates for company, Finance Basics

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What are the marginal and the average tax rates for company

Problem

Carla Vista Casino Company earned $23,472,000 before interest and taxes last year and had interest expenses of $1,687,000. If the firm is taxed at 25% on taxable income up to $15,000,000 and 28% on taxable income above $15,000,000, calculate the firm's tax obligation. What are the marginal and the average tax rates for this company?

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Finance Basics: What are the marginal and the average tax rates for company

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Finance Basics: What are the marginal and the average tax rates for company

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