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Which of the following statements is FALSE?A. The average tax rate is the total tax expense divided by the total taxable income.B. The marginal tax rate is the tax rate that applies to the next dollar of taxable income that a firm earns.C. The average tax rate is always less than or equal to, and often considerably less than, the marginal tax rate.D. Managers should use the average tax rate when making decisions regarding new investments and financing choices.

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andreafernandez andreafernandez

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D. Managers should use the average tax rate when making decisions regarding new investments and financing choices

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