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Consider the impact on three different businesses: - A produce farmer with a real taxable income of $59,400 - A cottan cultivator with a real
Consider the impact on three different businesses: - A produce farmer with a real taxable income of $59,400 - A cottan cultivator with a real taxable income of $252,000 - A large dairy farm aperator with a real taxable income of $1,113,000 i. What is the lawest average taxc rate out of the three businesses given the original schedule (year 0)? 29.42% b. 1.53% d. 1.24% e. Nane of the above Enter Response Here: ii. What would be the average tax rate for that same business in the new schedule (year ol? a 14.00% b. 10.44% c. 1240% e. None of the above Enter Response Here: 20.00% b. 7.9B% c. 6.795 e. Nane of the above Enter Response Here: iv. For the produce farm, what would be the social security tax awed in 4 years after the new 2$7,366 b. $9,316 c. $7,726 e. Nane of the above Enter Response Here: v. For the dairy aperation, what would be the social security tax owed in 5 years after the new schedule was implemented? 2$115,230 b. $112,471 c. $95,369 d. $109,219 e. Nane of the above Enter Response Here: vi. What would be the average tax rate for the dairy operation 5 years after the new schedule was implemented? 29.52% b. 10.81% c. 9.61% e. Nane of the above Enter Response Here
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