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BUS333-Week 3 Chapter 1 (Introduction to Corporate Finance); Chapter 2 (Financial Statements) For questions # 19.20, assume that a corporation's pretax hased on 21% of

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BUS333-Week 3 Chapter 1 (Introduction to Corporate Finance); Chapter 2 (Financial Statements) For questions # 19.20, assume that a corporation's pretax hased on 21% of the first $300,000, 30% of the next $400,000, and 34% of anything beyond that. YOU MUST SHOW ALL CALCULATIONS TO EARN CREDIT net income is taxable (Federal +State 19. If the company made $1,000,000, what is the corporation's average tax rate? 20.If the company made $800,000, what is the corporation's marginal tax rate

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