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Suppose your firm earns $250,000 in taxable income. What is the firms tax liability? What is the average tax rate? What is the marginal tax

Suppose your firm earns $250,000 in taxable income.

What is the firms tax liability? What is the average tax rate? What is the marginal tax rate?

If you are considering a project that will increase the firms taxable income by $50,000, which tax rate should you use in your analysis?

What about a flat tax rate?

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