Question

Corporate taxes During the 2013 financial year, Stacey Stationeries reported tax
able earnings of $78,000. Use Table 2.1 to answer the following questions
a. How much tax should Stacey Stationeries have paid for the 2013 financial year?
b. Calculate Stacey Stationeries' aversge tax rate for the 2013 financial year.
c. What is Stacey Stationeries' marginal tax rate for the 2013 financial year.
d. If Stacey Stationeries is a small company, how much profit will Stacey have
available to distribute to its few stockholders according to the 2013 income
statement?​

Answer 1

Answer:

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