Chapter_2_-_Taxes_example

Chapter_2_-_Taxes_example - $234,999.00 $91,649.61...

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EBT $4,000,000.00 TAXABLE INCOME from to rate remaining income taxable "chunks" tax liability $- $50,000.00 15% $4,000,000.00 $50,000.00 $7,500.00 $50,001.00 $75,000.00 25% $3,950,000.00 $24,999.00 $6,249.75 $75,001.00 $100,000.00 34% $3,925,001.00 $24,999.00 $8,499.66 $100,001.00 $335,000.00 39% $3,900,002.00
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Unformatted text preview: $234,999.00 $91,649.61 $335,001.00 $10,000,000.00 34% $3,665,003.00 $3,665,003.00 $1,246,101.02 $10,000,001.00 $15,000,000.00 35% $1,360,000.04 total liability $15,000,001.00 $18,333,333.00 38% $18,333,334.00 infinity 35% Marginal tax rate 34% Average tax rate 34%...
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This note was uploaded on 10/25/2011 for the course FI 311 taught by Professor Booth during the Fall '06 term at Michigan State University.

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