Assume Juno's paid $368,060 in taxes on taxable income of $1,673,000 last year. This year, the firm paid $401,545 in taxes on taxable income of $1,818,586. Assume the tax rates were the same for both years. What are the marginal and average tax rates for this year?
A) 21 percent; 21 percent
B) 22 percent; 21 percent
C) 23 percent; 22 percent
D) 22 percent; 22 percent
E) 23 percent; 21 percent
C) 23 percent; 22 percent
You might also like to view...
The ability of a business to pay its debts as they come due and to earn a reasonable amount of income is referred to as
A) solvency and leverage B) solvency and profitability C) solvency and liquidity D) solvency and equity
There can be no satisfaction unless there is first an accord
Indicate whether the statement is true or false
Define power and identify the two dimensions of power, along with a brief mention of the five types of power. Which of the dimensions of power is more strongly related to organizational commitment and job performance?
What will be an ideal response?
What is the statistic?
What will be an ideal response?