Edtays6720 Edtays6720

06-06-2023
Business

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During 2015, a company had total sales of $200,000. Total production expenses were $120,000. Total depreciation for the year was $4,000. (The 2015 tax schedule is on the tables sheet provided). What was the company's: a. taxable income for 2015? b. marginal tax rate (tax bracket)? c. income taxes for the year? d. average tax rate?

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