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If the state tax is 10% and the federal tax is 34%, the combined effective tax rate is: A. 40.6% B. 36.0% C. 24.1% D.

If the state tax is 10% and the federal tax is 34%, the combined effective tax rate is:

A.

40.6%

B.

36.0%

C.

24.1%

D.

45.6%

E.

49.2%

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