1. What is the effective combined tax rate for a firm that has $422.8 in profits, a tax rate of 10.99% and an individual who has a tax rate of 23.38%?

2. What are the taxes paid by an C corp with a revenue of $981.2 and a corporate tax rate of 31.37%?

Question 1 O out of 10 points What is the total (absolute value) tax paid by a firm and owner, when the corporation has $790 in proits and a 34.2% tax rate? (The individual tax rate is 12.13%) Selected Answer: 366.01 Question 2 O out of 10 points What is the effective combined tax rate for a firm that has $3,374.1 in profits, a tax rate of 16.84% and an X individual who has a tax rate of 24.37%? Selected Answer 1,390.47