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( Corporate income tax ) Meyer Inc. has taxable income ( earnings before taxes ) of $ 3 0 6 , 0 0 0 .

(Corporate income tax) Meyer Inc. has taxable income (earnings before taxes) of $306,000. Calculate Meyer's federal income tax liability using the tax table shown in the popup window: . What are the firm's average and marginal tax rates?
The firm's tax liability for the year is $ (Round to the nearest dollar.)
Data table
\table[[Taxable Income,Marginal Tax Rate],[$0-$50,000,15%
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