Aquatech Microsystems reported a TI of $80,000 last year. If the state income tax rate is 6%,

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Aquatech Microsystems reported a TI of $80,000 last year. If the state income tax rate is 6%, determine the

(a) average federal tax rate,

(b) overall effective tax rate,

(c) Total taxes to be paid based on the effective tax rate, and

(d) Total taxes paid to the state and paid to the federal government.

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Engineering Economy

ISBN: 978-0073523439

8th edition

Authors: Leland T. Blank, Anthony Tarquin

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