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Question
What is the average tax rate for a firm with taxable income of $118,740 in 2017?
| Taxable Income | Tax Rate | |||||||||
| $ | 0 | - | 50,000 | 15 | % | |||||
| 50,001 | - | 75,000 | 25 | |||||||
| 75,001 | - | 100,000 | 34 | |||||||
| 100,001 | - | 335,000 | 39 | |||||||
A) 26.68 percent
B) 34.87 percent
C) 24.89 percent
D) 36.67 percent
E) 39.00 percent
Answer
This answer is hidden. It contains 156 characters.
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