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Thornton, Inc., had taxable income of $128,657 for the year. The company's marginal tax rate was 35 percent and its average tax rate was 24.2

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Thornton, Inc., had taxable income of $128,657 for the year. The company's marginal tax rate was 35 percent and its average tax rate was 24.2 percent. How much did the company have to pay in taxes for the year? Multiple Choice $31,135 O $29,548 $28,190 Saved Help $31,135 $29,548 lo $28,190 $29,892 $45,030 Next

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