What are the marginal and average tax rates for the company, Financial Accounting

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What are the marginal and average tax rates for the company

Problem

Crane Electrical Company's financial statements indicated that the company had earnings before interest and taxes of $791,000.00.

The interest rate on its $755,000.00 debt was 8.95 percent.

• Calculate the taxes the company is likely to owe if its tax rate is a flat 30%.
• What are the marginal and average tax rates for this company?

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Financial Accounting: What are the marginal and average tax rates for the company

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Financial Accounting: What are the marginal and average tax rates for the company

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