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5. Use the following tax table to answer this question: Taxable Income Tax Rate $0 $50,000 50,001 75,000 75,001 - 100,000 100,001 335,000 335,001- 10,000,000

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5. Use the following tax table to answer this question: Taxable Income Tax Rate $0 $50,000 50,001 75,000 75,001 - 100,000 100,001 335,000 335,001- 10,000,000 15% 25 34 39 34 A company's earnings before taxes (EBT or taxable income) is $60,000. What are its average and marginal tax rates? D Focus

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