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Thornton, Incorporated, had taxable income of $129,632 for the year. The company's marginal tax rate was 34 percent and its average tax rate was 21
Thornton, Incorporated, had taxable income of $129,632 for the year. The company's marginal tax rate was 34 percent and its average tax rate was 21 percent. How much did the company have to pay in taxes for the year? Multiple Choice $29,074 $44,075 $27,223 $30,432 $30,776
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Acca Financial Reporting
Authors: BPP Learning Media
1st Edition
1509784888, 978-1509784882
