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Jennings, Inc. has a tax liability of S 170,000 on pretax income of S500,000. What is the average tax rate for Jennings, Inc.? A. 40

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Jennings, Inc. has a tax liability of S 170,000 on pretax income of S500,000. What is the average tax rate for Jennings, Inc.? A. 40 percent B. 46 percent C. 25 percent D. 34 percent

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