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Assuming that corporate tax rates are: 10% for income from $0 to $20,000,25% for income from $20,001 to $50,000, and 35% for income from $50,001
Assuming that corporate tax rates are: 10% for income from $0 to $20,000,25% for income from $20,001 to $50,000, and 35% for income from $50,001 and over. What are your total taxes paid on $50,000 of income? $9,500 $11,250 $18,250 $18,500
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