A company made an additional (incremental) income of $10.000 during the last week of the year. This extra income is subject to a federal tax rate of 21% and a 10% flat state tax What is this company's effective tax rate? Edit Format Table

A company made an additional (incremental) income of $10.000 during the last week of the year. This extra income is subject to a federal tax rate of 21% and a 10% flat state tax What is this company's effective tax rate? Edit Format Table

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter3: Cost-volume-profit Analysis

Section: Chapter Questions

Problem 8MC: A company has wants to earn an income of $60,000 after-taxes. If the tax rate is 32%, what must be...

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3 A company made an additional (incremental) income of $10.000 during the last week of the year. This extra income is subject to a federal tax rate
of 21% and a 10% flat state tax.
What is this company's effective tax rate?
Edit Format Table

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