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please show work (Corporate income tax) Barrington Enterprises eamed 54.6 million in taxable income (eamings before taxes) during its most recent year of operations Use
please show work
(Corporate income tax) Barrington Enterprises eamed 54.6 million in taxable income (eamings before taxes) during its most recent year of operations Use the corporate tax rates shown in the pop window to calculate the firm's tax liability for the year. What are the firm's average and marginal tax rates? The fem's tax liability for the year is 5 (Round to the nearest dollar) The firm's average tax rate is (Round to two decimal places) The firm's marginal tax rate is (Round to the nearest integer) million in taxable income (earnings before taxes) during its most recent year of operation Data table Marginal Tax Rate 15% 25% 34% 39% $335,001-$10,000,000 34% 35% 38% Taxable Income $0-$50,000 $50,001 - $75,000 $75,001 $100,000 $100,001 - $335,000 $10,000,001-$15,000,000 $15,000,001-$18,333,333 Over $18,333,333 35% (Click on the icon in order to copy its contents into a spreadsheet.) Print Done Step by Step Solution
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