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The tax rates are as shown.

Taxable Income - Tax Rate

0 - 50,000 15%

50,001 - 75,000 25%

75,001 - 100,000 34%

100,001 - 335,000 39%

Nevada Mining currently has taxable income of 80,200. How much additional tax will the firm owe if taxable income increases by 22,200?

Financial Management, Finance

  • Category:- Financial Management
  • Reference No.:- M92797997

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