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Question 5 (10 points) What is the effective tax rate (written as 0.xxx) for the following? Gross income = $230,000 Business expenses = $99,000 MARCS

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Question 5 (10 points) What is the effective tax rate (written as 0.xxx) for the following? Gross income = $230,000 Business expenses = $99,000 MARCS depreciation = $95,000 Average federal tax rate = 0.175 Average state tax rate = 0.070 Your Answer: Answer intel Saved

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