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9. A company has $2,000,000 in taxable inco me. Consider the corporate tax rates below: Taxable income ($) ()Tax rate 0- 50,000 15% 25% 34%
9. A company has $2,000,000 in taxable inco me. Consider the corporate tax rates below: Taxable income ($) ()Tax rate 0- 50,000 15% 25% 34% 39% 34% 35% 38% 35% 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+ a. What is the marginal tax rate for the company? b. What is the total tax bill for the company, i.e., how much does the company have to pay in c. What is the company's average tax rate? d. What is the company's net income (or after-tax earnings)
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