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Ezmerelda jewelers has a marginal tax rate of 32 percent and an average tax rate of 20.9 percent. if the firm owes $34,330 in taxes, how much taxable income did it earn? group of answer choices

Sagot :

Ezmerelda jewelers have a marginal tax rate of 32 percent and an average tax rate of 20.9 percent. if the firm owes $34,330 in taxes,  

$164,258 taxable income.

Taxable income = $34,330 / .209 = $164,258.37

There are two main types of taxes: direct taxes and indirect taxes. Both tax implementations are different. Some are paid directly, such as reduced income tax, corporate income tax, and wealth tax, while others are paid indirectly, such as consumption tax, service tax, and consumption tax.

Definition: A product is an item offered for sale. Products are services or items. It can be in physical or virtual or cyber forms. All products are made at a price and sold at a price. The price that can be calculated depends on the market, quality, marketing, and target segment. A product is an item or service that you sell to satisfy a customer's needs or desires. they are physical or virtual. Physical products include durable goods (such as cars, furniture, and computers) and consumables (such as food and beverages).

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