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Ajax Company pays 15% on the first $50,000 of pretax income and 28% on any...

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Accounting

Ajax Company pays 15% on the first $50,000 of pretax income and 28% on any additional pretax income. Ajax Company currently earns $52,000. An investment under consideration is expected to add $20,000 in pretax income. What is the tax rate on the additional income from the investment? A) 15% B) 43% C) 28% D) 22.5%

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