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Problem 04-01 [LO 4-2] Refer to the corporate rate schedule in Appendix C. a. What are the tax liability, the marginal tax rate, and the

Problem 04-01 [LO 4-2]

Refer to the corporate rate schedule in Appendix C.

a.

What are the tax liability, the marginal tax rate, and the average tax rate for a corporation with $48,300 taxable income?

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