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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.

Tax liability

Determine the firm's net income.

Net income

Determine the firm's average tax rate.

Determine the firm's marginal tax rate.

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