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Corporate taxes Tantor Supply, Inc., is a small corporation acting as the exclusive distributor of a major line of sporting goods. During 2 0 2
Corporate taxes Tantor Supply, Inc., is a small corporation acting as the exclusive distributor of a major line of sporting goods. During the firm earned $ before taxes.
a Calculate the firm's tax liability using a flat tax rate of
b How much are Tantor Supply's aftertax earnings?
c What was the firm's average tax rate?
d What was the firm's marginal tax rate?
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