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Corporate taxes During the 2013 financial year, Stacey Stationeries reported tax- able earnings of $78,000. Use Table 2.1 to answer the following questions: a. How

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Corporate taxes During the 2013 financial year, Stacey Stationeries reported tax- able earnings of $78,000. Use Table 2.1 to answer the following questions: a. How much tax should Stacey Stationeries have paid for the 2013 financial year? b. Calculate Stacey Stationeries' average tax rate for the 2013 financial year. c. What is Stacey Stationeries" marginal tax rate for the 2013 financial year? d. If Stacey Stationeries is a small company, how much profit will Stacey have available to distribute to its few stockholders according to the 2013 income statement? Corporate taxes During the 2013 financial year, Stacey Stationeries reported tax- able earnings of $78,000. Use Table 2.1 to answer the following questions: a. How much tax should Stacey Stationeries have paid for the 2013 financial year? b. Calculate Stacey Stationeries' average tax rate for the 2013 financial year. c. What is Stacey Stationeries" marginal tax rate for the 2013 financial year? d. If Stacey Stationeries is a small company, how much profit will Stacey have available to distribute to its few stockholders according to the 2013 income statement

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