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Tantor Supply, Inc., is a small corporation acting as the exclusive distributor of a major line of sporting goods. During 2021 the firm earned $288,400

Tantor Supply, Inc., is a small corporation acting as the exclusive distributor of a major line of sporting goods. During 2021 the firm earned $288,400 before taxes. a. Calculate the firm's tax liability using a flat tax rate of 21%. b. How much are Tantor Supply's 2021 after-tax earnings? c. What was the firm's average tax rate? d. What was the firm's marginal tax rate?

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