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A small start-up engineering firm has, taxable income that places it in the 34% federal...

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Accounting

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A small start-up engineering firm has, taxable income that places it in the 34% federal incometax bracket and at tha 12% state incremental tax rate. The firm can earn an extra $25,000 on a small job at the end of the tax year. What will the combined federal and state income tax rate be on the additional income

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