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(Corporate income tax) Barrington Enterprises eamed $3.5 million in taxable income (earnings before taxes) during its most recent year of operations. Use the corporate tax

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(Corporate income tax) Barrington Enterprises eamed $3.5 million in taxable income (earnings before taxes) during its most recent year of operations. Use the corporate tax rates shown in the popup window, to calculate the firm's tax liability for the year. What are the firm's average and marginal tax rates? The firm's tax liability for the year is $ . (Round to the nearest dollar) The firm's average tax rate is % (Round to two decimal places.) The firm's marginal tax rate is %. (Round to the nearest integer.) nts ignm ignme of 8 questi Cha Enter your answer in each of the answer boxes ex) Barrington own in the pop 0 Data Table Int year of operations. Use the Id marginal tax rates? for the year is ex rate is 1% tax rate is %. Marginal Tax Rate 15% 25% Taxable income $0-$50,000 $50,001 - $75,000 $75,001 - $100,000 $100,001 - $335,000 $335,001 - $10,000,000 $10,000,001 - $15,000,000 $15,000,001 - $18,333,333 Over $18,333,333 34% 39% 34% 35% 38% 35% of questi Print Done wer in each of the ar

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