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Whiskey Corporation (the Company) files a federal income tax return and a tax return in one state that has a 10% rate. Assuming that all

Whiskey Corporation (the Company) files a federal income tax return and a tax return in one state that has a 10% rate. Assuming that all the Company's sales are allocated to that one state, calculate the Company's combined federal and state income tax rate, net of the benefit of deducting the state income taxes. Show your calculations

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