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You have sales of $250,000 and cost of goods sold (materials and labor) comes to $155,000. Assuming no other income or expenses: a. what is

You have sales of $250,000 and cost of goods sold (materials and labor) comes to $155,000. Assuming no other income or expenses:

a. what is your tax bill?

b. what is the marginal rate?

c. what is the average rate?

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