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Ezmerelda Jewelers has a marginal tax rate of 32 percent and an average tax rate of 20.9 percent. If the firm owes $34,330 in taxes,

Ezmerelda Jewelers has a marginal tax rate of 32 percent and an average tax rate of 20.9 percent. If the firm owes $34,330 in taxes, how much taxable income did it earn?

$116,649

$164,625

$157,500

$127,584

$168,500

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