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(Corporate income tax) G. R. Edwin inc. had sales of $0.09 million during the past year. The cost of goods sold amounted to $25
(Corporate income tax) G. R. Edwin inc. had sales of $0.09 million during the past year. The cost of goods sold amounted to $25 million. Operating expenses totaled $2 58 million, and interest expense was $24,000 Use the corporate nates shown in the popup window to determine the firm's tax sability What are the firm's average and marginal taxes? The firm's tax ability for the year is The firm's average tax rate The firm's marginal tax rate is (Round to the nearest dolar % (Round to two decimal places.) (Round to the nearest integer)
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