A. Calculate the taxliability, after-taxearnings, and average tax rates for the following levels of corporate earnings beforetaxes: $9,000; $81,300; $300,000; $499,000; $1.6 million; $9.9 million; and $20.4 million.

B. Plot the average tax rates(measured on the yaxis) against the pretax income levels(measured on the xaxis). What generalization can be made concerning the relationship between thesevariables?

Average corporate tax rates Using the corporate tax rate schedule given here (1 ). perform the following: a. Calculate the tax liability, after-tax earnings, and average tax rates for the following levels of corporate earnings before taxes: $9,000; $81,300; $300,000; $490,000; $1.6 million; $9.9 million; and $20.4 million. b. Plot the average tax rates (measured on the y axis) against the pretax income levels (measured on the x axis). What generalization can be made concerning the relationship between these variables? a. Find the marginal tax rate for the following levels of corporate earnings before taxes: $9,000; $81,300; $300,000; $409,000; $1,600,000; $0.9 million; and $20.4 million. The tax liability for earnings before taxes of $0,000 is $ 1350 . (Round to the nearest dollar.) The after-tax earnings on $0.000 are $ 7650 . (Round to the nearest dollar.) The average tax rate for the $9,000 in pretax earnings is 15 9%. (Round to one decimal place.) The tax liability for earnings before taxes of $81,300 is $ ]. (Round to the nearest dollar.) i More Info X Corporate Tax Rate Schedule Tax calculation Range of taxable income Base tax + Marginal rate * amount over base bracket) 50 to $50,000 50 + (15% x amount over 30) 50,000 to 75,000 7.500 + (25% * amount over 50,000) 75,000 to 100,000 13,750 + (34% * amount over 75,000) 100,000 to 335,000 22.250 + (39% X amount over 100,000) 335,000 to 10,000,000 113,800 + (34% x amount over 335,000) 10,000,000 to 15,000,000 3,400,000 + (35% x amount over 10,000,000) 15,000,000 to 18,333,333 5,150,000 + (38% x amount over 15,000,000) Over 18,333,333 6,416,687 + (35% x amount over 18,333,333) Print Done