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Your company will generate $350,000 in taxable income for 2018. Assume that your State tax rate is 6%. What is your combined tax rate? _________________________________

Your company will generate $350,000 in taxable income for 2018. Assume that your State tax rate is 6%.

What is your combined tax rate? _________________________________

How much Federal tax do you owe? ______________________________

How much State tax do you owe?

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