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TLC Company had $215,000 in taxable income last year. Fill in the blanks using the tax schedule:

TLC Company had $215,000 in taxable income last year. Fill in the blanks using the tax schedule:        


Total Tax owed _______________________

Tax Schedule

0 – 50,000            15%                              Average Tax rate _____________________

50,001 – 75,000    25%

75,001 – 100,000 34%                              Marginal Tax rate _____________________

100,001 – 335,000 39%

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jeff jeffy answered 2 years ago
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