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A corporation has the following financial information for a typical operating year Gross Revenue: $7,800,000 Cost of good sold: 3,650,000 Operating Costs: 780,000 Federal taxes:

A corporation has the following financial information for a typical operating year

Gross Revenue: $7,800,000

Cost of good sold: 3,650,000

Operating Costs: 780,000

Federal taxes: 306,000

State taxes: 184,170

a) On the basis of this financial information, determine both federal and state marinal tax rates.

b) Determine the combined marginal tax rate for this corporation.

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