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Oakdale Fashions, Incorporated's, income statement is reported below. ( Use corporate tax rate of 2 1 percent for your calculations. ) Determine the firm's tax

Oakdale Fashions, Incorporated's, income statement is reported below.

(

Use corporate tax rate of

21

percent for your calculations.

)

Determine the firm's tax liability, net income, average tax rate, and marginal tax rate.

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