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Given the tax rates as shown, what is the average and marginal tax rate for a firm with taxable income of $200,000? Taxable Income Tax

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Given the tax rates as shown, what is the average and marginal tax rate for a firm with taxable income of $200,000? Taxable Income Tax Rate (%) $0 - 50,000 15 50,001 -75,000 25 75,001 - 200,000 35 200,001 -335,000 40

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