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The Bubba Corp. had earnings before taxes of $198,000 and sales of $1,980,000. If it is in the 47% tax bracket, its after-tax profit margin

The Bubba Corp. had earnings before taxes of $198,000 and sales of $1,980,000. If it is in the 47% tax bracket, its after-tax profit margin is:

A)

7.80%

B)

7.30%

C)

5.30%

D)

8.30%

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