If a company earns income of $1 million before company tax,has tax deductions of $0.2 million,has additional taxable income of $0.1 million related to previous years and is on a marginal tax rate of 30%,what is its effective marginal tax rate on current income?

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The Answer of If a company earns income of $1 million before company tax,has tax deductions of $0.2 million,has additional taxable income of $0.1 million related to previous years and is on a marginal tax rate of 30%,what is its effective marginal tax rate on current income?

If a Company Earns Income of $1 Million Before Company