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A corporation has a taxable income of $16,300,000. It is subject to SALT of 4% on al taxable income above $500,000. What is its: a)

A corporation has a taxable income of $16,300,000. It is subject to SALT of 4% on al taxable income above $500,000. What is its: a) tax liability; b) average tax rate; and c) marginal tax rate. We use the new rule that corporate tax rate is a flat 21%.

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