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  Tax Compliance Metrics	Values
  Effective Tax Rate	18%
  Taxable Income	$1,600,000
  Total Taxes Paid	$288,000
  Tax Credits Utilized	$80,000
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  Requirements:

  1. Determine the effective tax rate for a corporation with a taxable income of $1,600,000.
  2. Calculate the total taxes paid, considering tax credits utilized amounting to $80,000.
  3. Present all amounts in USD.
  4. Highlight the key tax compliance metrics.