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Question 12 The tax rates for a particular year are shown below: Taxable income Tax Rate $0 - 50,000 15 % 50,001 - 75,000 25

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Question 12 The tax rates for a particular year are shown below: Taxable income Tax Rate $0 - 50,000 15 % 50,001 - 75,000 25 % 75,001 - 100,000 34 % 100,001 - 335,000 39% What is the average tax rate for a firm with taxable income of $130,513? 26.17% 20.00% 28.66% 39.00% O 37.07%

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