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please help, thanks OverBut not OverTax is:Of amount over:$0$50,00015%$0$50,000$75,000$7,500+25%$50,000$75,000$100,000$13,750+34%$335,000$100,000$335,000$22,250+39%$100,000$335,000$10,000,000$113,900+34%$335,000$10,000,000$15,000,000$3,400,000+35%$10,000,000$15,000,000$18,333,333$5,150,000+38%$15,000,000$18,333,333$_$35%$Refer to the table above: A firm has $10942434.45 in taxable income. What is the firm's averagetax
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OverBut not OverTax is:Of amount over:$0$50,00015%$0$50,000$75,000$7,500+25%$50,000$75,000$100,000$13,750+34%$335,000$100,000$335,000$22,250+39%$100,000$335,000$10,000,000$113,900+34%$335,000$10,000,000$15,000,000$3,400,000+35%$10,000,000$15,000,000$18,333,333$5,150,000+38%$15,000,000$18,333,333$_$35%$Refer to the table above: A firm has $10942434.45 in taxable income. What is the firm's averagetax rate?O a. Average Tax Rate = 34.09 %O b. Average Tax Rate = 35 %O c. Average Tax Rate = 66.07%o d. Average Tax Rate = 3.01% OverBut not OverTax is:Of amount over:$0$50,00015%$0$50,000$75,000$7,500+25%$50,000$75,000$100,000$13,750+34%$335,000$100,000$335,000$22,250+39%$100,000$335,000$10,000,000$113,900+34%$335,000$10,000,000$15,000,000$3,400,000+35%$10,000,000$15,000,000$18,333,333$5, 150,000+38%$15,000,000$18,333,333$_$35%$Refer to the table above: A firm has 1665892.05 in taxable income. What is the firm's tax bill?O a. Tax Liability = $5783038.98O b. Tax Liability = $5150000O c. Tax Liability = $-5066961.02o d. Tax Liability = $83038.98Step by Step Solution
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