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13. The tax rates are as shown. Your firm currently has taxable income of $95000. (format: keep 1 digit after the decimal point and in
13. The tax rates are as shown. Your firm currently has taxable income of $95000. (format: keep 1 digit after the decimal point and in percent. For example: 10.2%) What is the average tax rate? What is the marginal tax rate? What shall be the taxable income used to determine the marginal tax rate? A or B A. $95000 B. $95001 Taxable Income $0 - 50,000 50,001-75,000 75,001 -100,000 100,001-335,000 Tax Rate (%) 15 25 35 39
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