1) Please refer to the following tax schedule. Taxable Income Tax Rate $ 0 - 50,000 10% $ 50,001-90,000 20% $ 90,001-100,000 30% $ 100,001-200,000 40% $ 200,001-400,000 50% $ 400,001-700,000 60% If Chegg Corp had $600,000 of taxable income last year helping students, what was the average tax rate? What was the marginal tax rate? (Please give your final answer as a percentage. Put the % sign after the number. Go to two places to the right of the decimal point when recording your final answer. For example, if your final calculation is 22.4587%, then record your answer on the answer sheet as 22.46%. Answer: average tax rate = ________________________ Answer: marginal tax rate = ____________________