A company with pretax income of $45,000 is required to pay taxes of 20 percent on all income up to $15,000 and 32 percent on any income in excess of $15,000. The company's average tax rate is

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The Answer of A company with pretax income of $45,000 is required to pay taxes of 20 percent on all income up to $15,000 and 32 percent on any income in excess of $15,000. The company's average tax rate is

A Company with Pretax Income of $45,000 Is Required to Pay