Student, Inc. had $330,000 in 2023 taxable income. Using the graduated rate table\ below,\ a.  Calculate Student, Inc.s income tax liability.\ b.   What is Student, Inc.s average tax rate?\ c.   What is Student, Inc.s marginal tax rate?  Calculate Student, Inc.s income tax liability under the new flat 21% rate.  What is Student, Inc.s average tax rate under the new flat 21% rate?  What is Student, Inc.s marginal tax rate under the new flat 21% rate? 

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Answer To solve this problem we need the graduated rate table for 2023 and information on the new fl... View the full answer