As of 2008, which one of the following statements concerning corporate income taxes is correct?

Corporate Finance

As of 2008, which one of the following statements concerning corporate income taxes is correct?

The largest corporations have an average tax rate of 39 percent.
The lowest marginal rate is 25 percent.
A firm's tax is computed on an incremental basis.
A firm's marginal tax rate will generally be lower than its average tax rate once the firm's income exceeds $50,000.

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As of 2008, which one of the following statements concerning corporate income taxes is correct?Answer:A firm's tax is computed on an incremental basis.

Tags: Financial Statements, Taxes, and Cash Flow

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