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Data Table . P Taxable income Marginal Tax Rate $0 - $50,000 15% $50,001 - $75,000 25% $75,001 - $100,000 34% $100,001 - $335,000 39%
Data Table . P Taxable income Marginal Tax Rate $0 - $50,000 15% $50,001 - $75,000 25% $75,001 - $100,000 34% $100,001 - $335,000 39% $335,001 - $10,000,000 34% $10,000,001 - $15,000,000 35% $15,000,001 - $18,333,333 38% Over $18,333,333 35% P3-4 (similar to) 8 Question Help . (Corporate income tax) Barrington Enterprises earned $3.7 million in taxable income earnings before taxes) during its most recent year of operations. Use the corporate tax rates shown in the popup window, E: to calculate the firm's tax liability for the year. What are the firm's average and marginal tax rates? The firm's tax liability for the year is $. (Round to the nearest dollar.)
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