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Use the following information for this question: Taxable income $ 0-$ 50,000 $ 50,000 - $ 75,000 $ 75,000 - $ 100,000 $ 100,000-$ 335,000

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Use the following information for this question: Taxable income $ 0-$ 50,000 $ 50,000 - $ 75,000 $ 75,000 - $ 100,000 $ 100,000-$ 335,000 $ 335,000 - $10,000,000 $10,000,000 - $15,000,000 $15,000,000 - $18,333,333 $18,333,333 and above Marginal tax rate 15% 25% 34% 39% 34% 35% 38% 35% If a company has the taxable income of $180,000, what would be its average tax rate? A) 25.0% OB) 29.7% OC) 32.3% D) 39.0%

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