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Wren, Inc Is Owned by Alfred (30%) and Mabel (70%)

Question 32

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Wren, Inc. is owned by Alfred (30%) and Mabel (70%). Alfred's marginal tax rate is 25% and Mabel's marginal tax rate is 33%. Wren's taxable income for 2011 is $400,000.
Wren, Inc. is owned by Alfred (30%) and Mabel (70%). Alfred's marginal tax rate is 25% and Mabel's marginal tax rate is 33%. Wren's taxable income for 2011 is $400,000.

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