What is the corporations marginal tax rate

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Reference no: EM13804373

A corporation’s pretax net income of $1,000,000 is taxable based on 30% of the first $300,000, 35% of the next $300,000, and 40% of the balance:

What is the corporation’s average tax rate?

What is the corporation’s marginal tax rate?

Reference no: EM13804373

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