-Refer to Exhibit 2-1. Big Diesel Incorporated reports taxable income of $200,000 in 2004. What was the average tax rate they paid for the year?

Name: -Refer to Exhibit 2-1. Big Diesel Incorporated reports taxable income of $200,000 in 2004. What was the average tax rate they paid for the year?
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Question

Quizplus · Accepted Answer

Taxes Paid=50000*.15+25000*.25+25000*.34+100000*.39=61250
61250/200000=.3063