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Kyrsten Haas expects her S corporation to generate a profit of $200,000. What is the...

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Accounting

Kyrsten Haas expects her S corporation to generate a profit of $200,000. What is the effective tax rate on the $200,000 if no cash is distributed? Kyrsten's marginal tax rate on ordinary income is 37%.
Multiple Choice
37%
36.8%
21%
58%

Answer & Explanation Solved by verified expert
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