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3. If the Card Depot Inc. had $300,000 of taxable income last year selling greeting cards, what was the average tax rate? Madison's gross tax
3. If the Card Depot Inc. had $300,000 of taxable income last year selling greeting cards, what was the average tax rate?
Madison's gross tax liability is $10,450. Madison had $4,520 of tax credits available and she had $9,300 of taxes withheld by her employer.
4. What are Madison's taxes due (or taxes refunded) with her tax return