FIN 300 Tax Rate Example - FIN 300 Example for Tax Calculations A simple example Lets pretend the marginal corporate tax rates are 10 on taxable income

FIN 300 Tax Rate Example - FIN 300 Example for Tax...

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FIN 300 – Example for Tax Calculations A simple example: Let’s pretend the “marginal” corporate tax rates are: 10% on taxable income from $0 to $1,000,000 20% on taxable income from $1,000,001 to $3,000,000 30% on taxable income from $3,000,001 and above If our taxable income is $5M, how much do we pay in taxes and what are our marginal and average (or, aka. effective) tax rates?
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