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Just need to know the average tax rate in 2018. In addition to $4.3 million of...

Question:

Just need to know the average tax rate
in 2018. In addition to $4.3 million of taxable income, the firm Hunt Taxidermy, Inc. is concerned about the taxes paid by the company received $304,000 of interest on state-issued bonds and $140,000 of dividends on common stock it owns in Oakdale F (Use Table 23) ashions, Inc. Calculate Hunt Taxidermys tax liability. (Enter your answer in dollars not in millions. Round your answer to the nearest dollar amount) S 1,476 Calculate Hunt Taxidermys average tax rate. (Round your answer to 2 decimal places.) Average tax rate
table 2.3 Corporate Tax Rates as of 2015 Pay this Amount on Base Income Plus this Percentage on Anything Over the Base Taxable Income so-$50,000 50,001-$75,000 75,001-$100,000 100,001-$335,000 335,001-$10,000,000 10,000,001-515,000,000 15,000,001-$18,333,333 Over $18,333,333 7,500 3,750 22,250 113,900 3,400,000 ,150,000 6,416,667 15% 25 34 39 34 35 38 35
in 2018. In addition to $4.3 million of taxable income, the firm Hunt Taxidermy, Inc. is concerned about the taxes paid by the company received $304,000 of interest on state-issued bonds and $140,000 of dividends on common stock it owns in Oakdale F (Use Table 23) ashions, Inc. Calculate Hunt Taxidermy's tax liability. (Enter your answer in dollars not in millions. Round your answer to the nearest dollar amount) S 1,476 Calculate Hunt Taxidermy's average tax rate. (Round your answer to 2 decimal places.) Average tax rate
table 2.3 Corporate Tax Rates as of 2015 Pay this Amount on Base Income Plus this Percentage on Anything Over the Base Taxable Income so-$50,000 50,001-$75,000 75,001-$100,000 100,001-$335,000 335,001-$10,000,000 10,000,001-515,000,000 15,000,001-$18,333,333 Over $18,333,333 7,500 3,750 22,250 113,900 3,400,000 ,150,000 6,416,667 15% 25 34 39 34 35 38 35

Answers

PAGE NO: DATECI so lohon Ino Ony_a0% q dividend. Žeeieved w-taxable . 413 00 000 $ 43 oo,OOD t (0.3)($149,000ahon Tar liabilty $- 113100 + 0.3y (sy 342000-$33s ol 1132o0 t 136 2 379-6 28 OUavera Since dvidond ncame of & 1yo,oO0 C. -the Hunt Toxidenmy mo average ta al Total tasabe ineme 4762.30 X100 0-3

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