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Use the following tax rates to work the problem and assume the business has taxable income of

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Use the following tax rates to work the problem and assume the business has taxable income of $150,000.;Taxable Income Tax Rate;$ 0 - 50,000 15%;50,001 - 75,000 25%;75,001 - 100,000 34%;100,001 - 335,000 39%;12.;How much tax will this company pay based on the information above.;Carry your answer 2 decimal places and round up. Do not include commas and dollar signs in your answer. $24,569.776 would be entered as 24569.78.;13.;What is the average tax rate paid by the the taxpayer?;Carry the decimal two places and round. 24.877 % would be entered as 24.88;14.;What is the "Marginal Tax Rate" for this taxpayer at this level of income?;Your answer should have no decimal points. 34% would be entered as 34;15.;At this marginal tax rate, how much additional tax will this taxpayer pay on an additional $10,000 of taxable income?;Your answer should have no decimal points. Do not enter commas or $ signs. $3,000 would be entered as 3000;Essay 3 (17 Points);You need to obtain the 2012 Financial Statements for Gorman Rupp to answer this Essay. I have provided a PDF file of the 2012 Gorman Rupp Annual Report in the Week 6 Folder for your convenience.;16.;How many common shares of stock does Gorman Rupp have outstanding on December 31st, 2012 (After deducting treasury shares)?;Do not enter commas.;17.;If the market price per share was $29.83 on December 31st 2012, how much is the total value of Gorman Rupp on December 31st?;You do not need decimal points. Round to the nearest whole number. Do not use commas or dollar signs. $1,234,567,899.03 would be entered as 1234567899;18.;What is the Total Equity amount for Gorman Rupp at 12-31-2012?;You will not have decimal points. Do not use commas or dollar signs.;19.;Explain the difference between the amount you calculated for the Company's fair market value and the Total Equity (Book Value). What does it represent?;Additional Requirements;Min Pages: 1;Level of Detail: Only answer needed

 

Paper#30484 | Written in 18-Jul-2015

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