Problemcaldweiler amp co owes a total of 21684 in taxes for, Ask an Expert

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Problem:

Caldweiler & Co. owes a total of $21,684 in taxes for this year. The taxable income is $71,509. If the firm earns $100 more in income, it will owe an additional $36 in taxes.

Task:

Question: What is the average tax rate on income of $71,609?

Note: Explain all calculation and formulas.

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Basic Finance, Finance

Category:- Basic Finance
Reference No.:- M91147932

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