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7.Your company will generate $280,000 in taxable income for 2022 . Assume that your State tax rate is 4%. a) What is your combined tax

image text in transcribed 7.Your company will generate $280,000 in taxable income for 2022 . Assume that your State tax rate is 4%. a) What is your combined tax rate? b) How much Federal tax do you owe? c) How much State tax do you owe

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