Clapper Industries reported taxable income of $290,000. a. What is Clappers marginal tax rate based on the

Question:

Clapper Industries reported taxable income of $290,000.
a. What is Clapper’s marginal tax rate based on the corporate tax rate table in this appendix?
b. What is Clapper’s average tax rate?
c. If Clapper’s taxable income increases to $410,000, what will be Clapper’s marginal and average tax rates?