Jean Dubuc lives in a state where the tax schedule lists an 8% marginal tax rate. The

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Jean Dubuc lives in a state where the tax schedule lists an 8% marginal tax rate. The federal tax schedule lists a 25% marginal tax rate. Accounting for cross-deductibility,
a. What is Jean's effective state marginal tax rate?
b. What is Jean's effective federal marginal tax rate?
c. What is Jean's effective combined marginal tax rate?
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Fundamentals of Investments

ISBN: 978-0132926171

3rd edition

Authors: Gordon J. Alexander, William F. Sharpe, Jeffery V. Bailey

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