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What is the average tax rate for a firm with taxable income of $ 116,450? Taxable Income Tax Rate $ 0 - 50,000 15 %

What is the average tax rate for a firm with taxable income of $ 116,450? Taxable Income Tax Rate $ 0 - 50,000 15 % 50,001 - 75,000 25 75,001 - 100,000 34 100,001 - 335,000 39

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