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Jenkins Company reported pretax earnings of $820,000; which resulted in a $278,800 tax bill and $541,200 after-tax earnings. What is the average tax rate for

Jenkins Company reported pretax earnings of $820,000; which resulted in a $278,800 tax bill and $541,200 after-tax earnings. What is the average tax rate for thecompany? A) 25% B) 40% C) 34% D) 51%

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