$4/5$

Barton Industries has operating income for the year of $$3,200,000$ and a $25\%$ tax rate. Its total invested capital is $$18,000,000$ and its after$-$tax percentage cost of capital is $8\%.$ What is the firm's EVA? Round your answer to the nearest dollar, if necessary.

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Problem Walk$-$Through

Susan and Stan Britton are a married couple who file a joint income tax return, where the tax rates are based on the tax table $3\mathrm{.}5.$ Assume that their taxable income this year was $$380,000.$ Do not round intermediate calculation.

a$.$ What is their federal tax liability? Round your answer to the nearest dollar.

$

b$.$ What is their marginal tax rate? Round your answer to he nearest whole number.

$\%$

c$.$ What is their average tax rate? Round your answer to two decimal places.

$\%$Feedback

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