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A company pays taxes of 25 on their first 25000 of pretax income and 40 on any taxable income in excess of 25000 The marginal tax rate if current pretax income is 30000 is

A company pays taxes of 25% on their first $25,000 of pretax income, and 40% on any taxable income in excess 
of $25,000. The marginal tax rate, if current pretax income is $30,000, is _____.
a. 25%
b. 30%
c. 40%
d. none of these answers is correct 

Jun 10 2021 View more View Less

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