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Question 5 $0 - 35,000 15% $35,001 - 70,000 20% $70,001 - 100,000 27% $100,001 - 250,000 34% $250,001 - 700,000 28% $700,001 - 15,000,000

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Question 5 $0 - 35,000 15% $35,001 - 70,000 20% $70,001 - 100,000 27% $100,001 - 250,000 34% $250,001 - 700,000 28% $700,001 - 15,000,000 21% $15,000,001 - 1,000,000,000 14% Taxable income $300,000. Considering the tax brackets given above, what is ATR (average tax rate)? Select one: a. 28% b.22.71% c.24.8% d. 28.45

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