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11. Under a progressive tax system, if a corporation earns $50,002, its marginal tax rate will be (see the tax table below) A. 0% B.

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11. Under a progressive tax system, if a corporation earns $50,002, its marginal tax rate will be (see the tax table below) A. 0% B. 25% C. 34% D. 39% E. 100% Taxable Income Tax Rate $0-$50,000 15% $50,001 - $75,000 25% $75,001 - $100,000 34% $100,001 - $335,000 39% 12. Continue with the previous problem. What will the taxes be under the progressive system? A. $ 7,500.1 B. $ 7,502.5 C. $ 8,850 D. $ 9,850 E. None of the above

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