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Posted on Aug 09, 2024

Porter Jewelers, a sole proprietorship has a marginal tax rate of 3 2 percent and an average tax rate of 2 0 . 9 percent.

Porter Jewelers, a sole proprietorship has a marginal tax rate of

32

percent and an average tax rate of

20.9

percent. If the firm owes $

34, 330

in taxes, how much taxable income did it earn?

Multiple Choice

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