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1. What will be the marginal tax rate if the total taxable income is $150,000? (format: 12.34%, NOT ignore %) 2. What will be the

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1. What will be the marginal tax rate if the total taxable income is $150,000? (format: 12.34%, NOT ignore %) 2. What will be the average tax rate if the total taxable income is $150,000? (format: 12.34%, NOT ignore %) Given corporate tax rate, Corporate Tax Rates Taxable Income Levels Tax Rate 50,000 15% 50,001 75,000 25% 75,001 100,000 30% 100,001 335,000 40% 335,001 10,000,000 35% 10,000,001 15,000,000 35% 15,000,001 18,333,333 40% 18,333,334 35%

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