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Barrington Enterprises earned 3.5 million in taxable income (earnings before taxes) during its most recent year of operations. Use the corporate tax rates shown in
Barrington Enterprises earned 3.5 million in taxable income (earnings before taxes) during its most recent year of operations. Use the corporate tax rates shown in the pop up window to calculate the firm's tax liability for the year.
What are the firm's average and marginal tax rates?
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