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Question 4 4 pts Based on the following table of the tax rates, what is the marginal tax rate for a firm with taxable income

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Question 4 4 pts Based on the following table of the tax rates, what is the marginal tax rate for a firm with taxable income of $500,000? Taxable income ($) Tax Rate 0 - 9,525 10% 9,525 - 38,700 12% 38,700 - 82,500 22% 82,500 - 157,500 24% 157.500 - 200,000 32% 200.000 - 500,000 35% 500,000+ 37% 35 percent 22 percent 24 percent 37 percent

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