Given the tax rates as shown, what is the marginal tax rate for a firm with taxable
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Question:
Given the tax rates as shown, what is the marginal tax rate for a firm with taxable income of $89,500? Taxable Income Tax Rate $0 - $50,000 15% $ 50,001 - $75,000 25% $75,001 - $100,000 34% $ 100,001 - $335,00 39% a. 20.87 percent b. 24.98 percent c. 25.76 percent d. 34.00 percent
e. 39.00 percent
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