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Please show ALL work. Thank you a. What is the effective combined tax rate for a firm (C Corp) that has $1000 in profits, a
Please show ALL work. Thank you
a. What is the effective combined tax rate for a firm (C Corp) that has $1000 in profits, a tax rate of 40% and an individual who has a tax rate of 9%?
b. What is the total (absolute value) tax paid by a firm (C Corp) and owner, when the corporation has $300 in profits and a 19% tax rate? (The individual tax rate is 16%)
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