The tax rates for a particular year are shown below: Taxable Income $0-50,000 Tax Rate 15 % - 50,001 75,000 25 % 75,001-100,000 100,001 335,000 39 % 34 % What is the average tax rate for a firm with taxable income of $125,013? (enter just the numbers. e.g., enter 15.56% as 15.56.)

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Q: 7

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Q: Help sum

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Q: #2

A: Detailed explanation:

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A: Tax payable = tax rate * (income - deductions)

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