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Taxation: calculate taxable income in two scenarios

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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?

Taxable Income
Tax Rate

$ 0 - 50,000
15%

50,001 - 75,000
25%

75,001 - 100,000
34%

100,001 - 335,000
39%

$7,004
$7,014
$7,140
$7,160
$7,174

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The expert calculates the taxable income in two scenarios.

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Tax Rate till $100,000 taxable income is 34%, and current taxable income is 79,000
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