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Question 5: ABC company had the following data for tax-year 1: A gross income of X Salaries and Wages of 0.1X Depreciation expenses of 0.03

Question 5: ABC company had the following data for tax-year 1: A gross income of X Salaries and Wages of 0.1X Depreciation expenses of 0.03 X Loan principal payment of 0.005 X Loan interest payment of 0.006 X (a) What is the marginal tax rate for ABC in tax-year 1? (b) What is the average tax rate in tax-year 1? (c) Determine the net income of the company in tax-year 1. Question 5: ABC company had the following data for tax-year 1: A gross income of X Salaries and Wages of 0.1X Depreciation expenses of 0.03 X Loan principal payment of 0.005 X Loan interest payment of 0.006 X (a) What is the marginal tax rate for ABC in tax-year 1? (b) What is the average tax rate in tax-year 1? (c) Determine the net income of the company in tax-year 1

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