The tax rates are as shown.Your ﬁrm currently has taxable income of €79,400.How much additional tax will you owe if you increase your taxable income by €21,000? $$\begin{array} { | l | l | }
\hline \text { Taxable Income } & \text { Tax Rate } \
\hline € 0 - 50,000 & 15 \% \
\hline 50,001 - 75,000 & 25 \% \
\hline 75,001 - 100,000 & 34 \% \
\hline 100,001 - 335,000 & 39 \% \
\hline
\end{array}$$
A)€7,004
B)€7,014
C)€7,140
D)€7,160
E)€7,174

Question

The tax rates are as shown.Your ﬁrm currently has taxable income of €79,400.How much additional tax will you owe if you increase your taxable income by €21,000? $$\begin{array} { | l | l | } 
\hline \text { Taxable Income } & \text { Tax Rate } \
\hline € 0 - 50,000 & 15 \% \
\hline 50,001 - 75,000 & 25 \% \
\hline 75,001 - 100,000 & 34 \% \
\hline 100,001 - 335,000 & 39 \% \
\hline
\end{array}$$
A)€7,004
B)€7,014
C)€7,140
D)€7,160
E)€7,174

Quizplus · Accepted Answer

The Answer of The tax rates are as shown.Your ﬁrm currently has taxable income of €79,400.How much additional tax will you owe if you increase your taxable income by €21,000? $$\begin{array} { | l | l | } 
\hline \text { Taxable Income } & \text { Tax Rate } \
\hline € 0 - 50,000 & 15 \% \
\hline 50,001 - 75,000 & 25 \% \
\hline 75,001 - 100,000 & 34 \% \
\hline 100,001 - 335,000 & 39 \% \
\hline
\end{array}$$
A)€7,004
B)€7,014
C)€7,140
D)€7,160
E)€7,174

The Tax Rates Are as Shown A)€7,004 B)€7,014 C)€7,140 D)€7,160 E)€7,174

The Tax Rates Are as Shown A)€7,004
B)€7,014
C)€7,140
D)€7,160
E)€7,174