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A firm is a sole proprietorship that has taxable income of $81,200. The additional tax that will be owed if the taxable income increases by
A firm is a sole proprietorship that has taxable income of $81,200. The additional tax that will be owed if the taxable income increases by $1,000 based on the following tax rates is Tax Rate 10% Taxable income $ 0- 9.525 9.526 - 38,700 38,701 - 82,500 82,501 - 157.500 12 22 24
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