What is the effective tax rate on taxable income

Reference no: EM13141160

The kammerling Corporation has $250,000 of taxable income.it distributes $100,000 of that income as dividen to ist sole shareholders whoseother income puts him in the 35 percent marginal tax bracket. What is the effective tax rate on the $250,000 taxable income.

Reference no: EM13141160

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