Question
10.17 (Part Level Submission) Given the U.S. Corporate Tax Rate Schedule shown below, and a corporation that generates a taxable income of $11,800,000 in 2012,
Given the U.S. Corporate Tax Rate Schedule shown below, and a corporation that generates a taxable income of $11,800,000 in 2012,
What is the average tax rate?(Round answer to 2 decimal places, e.g. 17.54%.)
Average tax rate
%
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Advanced Financial Accounting
Authors: Richard Lewis, David Pendrill
7th Edition
0273658492, 978-0273658498
