1 on a taxable income of 15255371 jasonrsquos jersey shore, Ask an Expert

Finance

1. On a taxable income of $15,255,371, Jason’s Jersey Shore Shop owes $3,231,256.40 in tax. The company has concluded that it will owe $3,746,083.72 in tax if its taxable income rises to $17,157,348. What is the marginal tax rate at this level of income?

A. 18.83 percent

B. 21.53 percent

C. 21.18 percent

D. 21.83 percent

E. 27.07 percent

2. Which of the following is not a derivative security?

Interest rate swaps.

Spot contracts.

Forward contracts.

All of the above are derivative securities.

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92718957

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