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Suppose that a corporation has a taxable income of $325,000. Using the following table, what's the firm's average tax rate? 2015 US Federal Corporate Tax
Suppose that a corporation has a taxable income of $325,000. Using the following table, what's the firm's average tax rate? 2015 US Federal Corporate Tax Table Taxable income Taxable income Tax Rate More Than Less Than $0 $50,000 15% $50,001 $75,000 25% $75,001 $100,000 34% $100,001 $335,000 39% $335,001 $10,000,000 34% $10,000,001 $15,000,000 35% $15,000,001 $183,333,334 38% $18,333,334 35% O A. 39 percent O B. 33.846 percent O C. 30.516 percent O D. 35 percent
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