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Assume Junos paid $368,060 in taxes on taxable income of $1,673,000 last year. This year, the firm paid $401,545 in taxes on taxable income of
Assume Junos paid $368,060 in taxes on taxable income of $1,673,000 last year. This year, the firm paid $401,545 in taxes on taxable income of $1,818,586. Assume the tax rates were the same for both years. What are the marginal and average tax rates for this year? Multiple Choice 22 percent; 21 percent 21 percent; 21 percent 23 percent; 22 percent 22 percent; 22 percent 23 percent; 21 percent
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