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Corporate income tax)Barrington Enterprises earned $4.4 million in taxable income (earnings before taxes) during its most recent year of operations. Use the corporate tax rates
Corporate income tax)Barrington Enterprises earned
$4.4
million in taxable income (earnings before taxes) during its most recent year of operations. Use the corporate tax rates shown in the popup window,
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,
to calculate the firm's tax liability for the year. What are the firm's average and marginal tax rates?
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