Ezmerelda Jewelers Has a Marginal Tax Rate of 32 Percent $$34,330 in Taxes, How Much Taxable Income Did It Earn
Ezmerelda Jewelers has a marginal tax rate of 32 percent and an average tax rate of 20.9percent.If the firm owes $$34,330 in taxes, how much taxable income did it earn?
A) $127,584
B) $116,649
C) $164,500
D) $157,500
E) $168,500
Correct Answer:
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