Thornton, Inc., had taxable income of $129,827 for the year. The company's marginal tax rate was 35

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Thornton, Inc., had taxable income of $129,827 for the year. The company's marginal tax rate was 35 percent and its average tax rate was 23.6 percent. How much did the company have to pay in taxes for the year?

Posted Date: May 18, 2024 05:12 PM

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Thornton, Inc., had taxable income of $129,827 for the year. The company's marginal tax rate was 35

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