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Coastal Corporation estimates its income, by calendar quarter, as follows for 20

Coastal Corporation estimates its income, by calendar quarter, as follows for 2018:                                                      1st                     2nd                       3rd                      4th                     2018                                                 Quarter              Quarter             Quarter             Quarter                  TotalEst. Income                          $30,000              $40,000             $35,000             $40,000          $150,000Income tax rates applicable to CoastalCorporation:From: $ 0 to $50,000                                                         15%From: $50,001 to $75,000                                                25%Over: $75,000                                                                      35%Required:Determine Coatal Corporation's estimated effective tax rate.

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