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The tax rate that determines the amount of tax that will be due on the next dollar of taxable incon eamed is called the: variable

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The tax rate that determines the amount of tax that will be due on the next dollar of taxable incon eamed is called the: variable tax rate fixed tax rate. average tax rate. marginal tax rate. ordinary tax rate. Lester's Fried Chick'n purchased its building 11 years ago at a cost of $189,000. The building i currently valued at $209,000. The firm has other fixed assets that cost $56,000 and are curren valued at $32,000. To date, the firm has recorded a total of $49,000 in depreciation on the var assets it currently owns. Current liabilities are $36,600 and net working capital is $18,400. W the total book value of the firm's assets? $214,400 $251,000 $232,600

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