Suppose the tax rate is 30 if taxable income is positive

Reference no: EM13581451

Suppose the tax rate is 30% if taxable income is positive and 0% if taxable income in negative. Calculate the expected tax payable for the following four projects. Note for each project the expected taxable income is $50,000. For each project, also calculate the expected average tax rate.

Reference no: EM13581451

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