Calculate the tax liability, after-tax earnings, and average tax rates for the following levels od corporate earnings before taxes: $10,000: $80,000: $300,000: $5000,000: $1.5 million: $10 million: and $20 million.

Corporate Tax Rate Schedule Range of taxable income So to 50,000 to 75,000 to 100,000 to 335,000 to 10,000,000 to 15,000,000 to Over 18,333,333 $50,000 75,000 100,000 335,000 10,000,000 15,000,000 18,333,333 Base tax Tax calculation (Marginal rate amount over base bracket) x amount over + (15% (25% (34% (39% (34% SO 7,500 13,750 22,250 113,900 3,400,000 + (35% 5,150,000 + (38% 6,416,667 + (35% + x amount over x amount over x amount over x amount over x amount over x amount over x amount over SO) 50,000) 75,000) 100,000) 335,000) 10,000,000) 15,000,000) 18,333,333)