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31 Intro A company has taxable income of $5,000,000. The corporate tax rates are as follows: Taxable income ($) Tax rate 0- 50,000 15% 50,001-
31 Intro A company has taxable income of $5,000,000. The corporate tax rates are as follows: Taxable income ($) Tax rate 0- 50,000 15% 50,001- 75,000 25% 75,001- 100,000 34% 100,001- 335,000 39% 335,001 10,000,000 34% 10,000,001 15,000,000 35% 15,000,001 18,333,333 38% 18,333,334+ 35% Part 1 Attempt 2/10 for 8 pts. What is the total tax bill for the company, i.e., how much does the company have to pay in taxes (in $)? 0+ decimals Submit Part 2 What is the company's average tax rate? Attempt 1/10 for 10 pts. 3+ decimals Submit Problem 32 Intro The corporate tax rates are as follows: Taxable income ($) Tax rate 0- 50,000 15% 50,001- 75,000 25% 75,001- 100,000 34% 100,001- 335,000 39% 335,001 10,000,000 34% 10,000,001 15,000,000 35% 15,000,001 18,333,333 38% 18,333,334+ 35% Part 1 Attempt 1/10 for 10 pts. What is the marginal tax rate for the company with a taxable income of $2,000,000? 3+ decimals Submit Part 2 Attempt 1/10 for 10 pts. What is the marginal tax rate for the company with a taxable income of $71 million? 3+ decimals Submit
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