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Meyer Inc. has taxable income(earnings beforetaxes) of $301,000 Using the Table, what is the firm's tax liability for the year in $ Taxable IncomeMarginal Tax

Meyer Inc. has taxable income(earnings beforetaxes) of $301,000

Using the Table, what is the firm's tax liability for the year in $

Taxable IncomeMarginal Tax Rate

$0minus$50,000 15%

$50,001$75,000 25%

$75,001$100,000 34%

$100,000$335,000 39%

$335,001$10,000,000 34%

$10,000,001$15,000,000 35%

$15,000,001$18,333,333 38%

Over$18,333,333 35%

Thefirm's marginal tax rate is?

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