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The Bubba Corp. had earnings before taxes of $190,000 and sales of $1,900,000. If it is in the 52% tax bracket, its after-tax profit margin

The Bubba Corp. had earnings before taxes of $190,000 and sales of $1,900,000. If it is in the 52% tax bracket, its after-tax profit margin is:

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  • 4.80%

  • 6.80%

  • 7.30%

  • 7.80%

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