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5. Mayor's Angels - an app that matches you with people that will help you cross the street - reported pretax income last year of

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5. Mayor's Angels - an app that matches you with people that will help you cross the street - reported pretax income last year of $15,380,000. Using Table 2.3 from the text (also printed in the slides), what is the total corporate income tax that Mayor's Angels owes? What is its average tax rate, and what is its marginal tax rate? TABLE 23 Corporate Tax Rates Tax Rate 15% Taxable income $ 0- 50,000 50,001 - 75,000 75,001 - 100,000 100,001 - 335,000 335,001-10,000,000 10,000,001 - 15,000,000 15,000,001 -18,333,333 18,333,334+

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