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Your company generated $2,340,000 in taxable income in 2015. Assume that your average federal tax rate...

Your company generated $2,340,000 in taxable income in 2015. Assume that your average federal tax rate is 21% and your state tax rate is 7%. (a) What was your combined tax rate? (b) How much federal taxes did you owe? (c) How much state taxes did you owe?

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