Rolf Lee is also considering organizing the Capital-Ideas Company as an LLC. A. Use information contained in

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Rolf Lee is also considering organizing the Capital-Ideas Company as an LLC.

A. Use information contained in Problem 6 to estimate the federal income tax liability in the second year of operation if Capital-Ideas is an LLC.

B. What would be the marginal tax rate on the last dollar of taxable income and what would be the average tax rate?


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Entrepreneurial Finance

ISBN: 978-0538478151

4th edition

Authors: J . chris leach, Ronald w. melicher

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