Based on the following table of the tax rates, what is the average tax rate...
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Accounting
Based on the following table of the tax rates, what is the average tax rate for a firm with taxable income of $120,000? Taxable Income ($) Tax Rate 0 - 50,000 15% 50,000 - 75,000 25% 75,000 - 100,000 34% 100,000 - 335,000 39% 25% 34% 39% 20% O None of the above
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