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A company pays tax at a rate of 15% on its first $50,000 of income. If it has $60,000 of taxable income and an average

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A company pays tax at a rate of 15% on its first $50,000 of income. If it has $60,000 of taxable income and an average tax rate of 18%, what is the marginal tax rate on its last $10,000 of income? Multiple Choice 18% 15% 33% 25%

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