Problem tax ratesthe dyrdek co had 300000 in 2014 taxable, Ask an Expert

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Problem: Tax Rates

The Dyrdek Co. had $300,000 in 2014 taxable income. Use the tax rates from Table 2.3.

What is the average tax rate? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)

Average tax rate %

What is the marginal tax rate? (Enter your answer as a percent rounded to the nearest whole number, e.g., 32.)

Marginal tax rate

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