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Chapter 1, Problem 1.8P

a)

Summary Introduction

To determine: The marginal tax earnings on the levels of corporate earnings before taxes $15,000, $60,000, $90,000, $200,000, $400, 0000, $1,000,000 and $20,000,000.

Introduction:

Tax liability is an amount owed to a tax authority by the company.

b)

Summary Introduction

To plot: The marginal tax rates.

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Chapter 1 Solutions

Principles of Managerial Finance, Student Value Edition Plus MyLab Finance with Pearson eText - Access Card Package (15th Edition) (Pearson Series in Finance)

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Understanding U.S. Taxes; Author: Bechtel International Center/Stanford University;https://www.youtube.com/watch?v=QFrw0y08Oto;License: Standard Youtube License