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I need with steps pliz A firm reports an income of $150,000 as a taxable income. 1. Calculate the average tax liability for this firm.

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A firm reports an income of $150,000 as a taxable income. 1. Calculate the average tax liability for this firm. 2. Calculate marginal tax liability for a firm reporting $100,000 as taxable income. 1 Exercise 2 What will be the taxable income if firm ABC receives $150,000 in dividends from firm XYZ if the degree of ownership of XYZ by ABC is equal to 60%. A firm reports an income of $150,000 as a taxable income. 1. Calculate the average tax liability for this firm. 2. Calculate marginal tax liability for a firm reporting $100,000 as taxable income. 1 Exercise 2 What will be the taxable income if firm ABC receives $150,000 in dividends from firm XYZ if the degree of ownership of XYZ by ABC is equal to 60%

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