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Tax Table Taxable income over Not over Tax Rate $ 0 $ 50,000 15% 50,000 75,000 25% 75,000 100,000 34% 100,000 335,000 39% 335,000 10,000,000

Tax Table

Taxable income over

Not over

Tax Rate

$ 0

$ 50,000

15%

50,000

75,000

25%

75,000

100,000

34%

100,000

335,000

39%

335,000

10,000,000

34%

10,000,000

15,000,000

35%

15,000,000

18,333,333

38%

18,333,333

...............

35%

3. Refer to the Tax Table. First Watch, Inc. has a pretax income of $3,755,250. What is the companys average tax rate, marginal tax rate and tax liability?

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