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Suppose your firm earns $10,800,000 in taxable income. SWhat is the firm's tax liability? SWhat is the average tax rate? SWhat is the marginal tax

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Suppose your firm earns $10,800,000 in taxable income. SWhat is the firm's tax liability? SWhat is the average tax rate? SWhat is the marginal tax rate? Taxable Income Tax Rate S 0- 50,000 50,001- 75,000 75,001 - 100,000 100,001 - 335,000 335,001-10,000,000 10,000,001-15,000,000 15,000,001-18,333,333 18,333,334+ 15% 25 34 39 34 35 38 35

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