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Question 16 (3.3 points) Use the following information for this question: Taxable income Marginal tax rate $ 0-$ 50,000 15% $ 50,000-$ 75,000 25%
Question 16 (3.3 points) Use the following information for this question: Taxable income Marginal tax rate $ 0-$ 50,000 15% $ 50,000-$ 75,000 25% $ 75,000 $100,000 34% $ 100,000-S 335,000 39% $ 335,000-$10,000,000 34% $10,000,000-$15,000,000 35% $15,000,000-$18,333,333 38% 35% $18,333,333 and above If a company has the taxable income of $100,000, what would be its average tax rate? A) 25.0% B) 34.0% C) 22.3% D) 32.3%
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