7. Use the following table to compute the "Average Tax Rate" and "Marginal Tax Rate" if your taxable income is $955,000 Taxable income 0 to $50,000 50,000 to 75,000 75,000 to 100,000 100,000 to 335,000 335,000 to 10 Million Tax rate 15% 25% 34% 39% 34% Tax calculation 0.15(income over 0) 7,500+0.25(income over 50,000) 13,750+0.34(income over 75,000) 22,250+0.39(income over 100,000 113,900+0.34(income over 335,000) Note: First answer is Average tax rate and second answers is Marginal tax rate. A) 34%:34% B) 39%:34% C) 36%:34% D) 34%:36%