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Your firm paid a total of $70,000 in income tax this year and had an after-tax income of $345,000. What is your firms average tax

Your firm paid a total of $70,000 in income tax this year and had an after-tax income of $345,000. What is your firms average tax rate for the year?

Group of answer choices

20.29%

15.85%

18.76%

16.87%

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