Question 1 (25 points) The SGS Co. had $243,000 in taxable income. Use the rates...
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Question 1 (25 points) The SGS Co. had $243,000 in taxable income. Use the rates from Table 2.3. Calculate the company's income taxes. (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) $70,077 $71,080 $78,020 $80,097 $85,067 Question 2 (25 points) The SGS Co. had $155,000 in taxable income. Use the rates from Table 2.3. What is the average tax rate? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) 28.19% 22.84% 18.90% 20.80% 25.40% Question 1 (25 points) The SGS Co. had $243,000 in taxable income. Use the rates from Table 2.3. Calculate the company's income taxes. (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) $70,077 $71,080 $78,020 $80,097 $85,067 Question 2 (25 points) The SGS Co. had $155,000 in taxable income. Use the rates from Table 2.3. What is the average tax rate? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) 28.19% 22.84% 18.90% 20.80% 25.40%
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