A company has $13,500,000 in taxable income. Consider the following corporate marginal tax rates:

1. What is the marginal tax rate for the company?

2. What is the total tax bill for the company, i.e., how much does the company have to pay in taxes (in $)?

3. What is the company's average tax rate?

Intro A company has $13,500,000 in taxable income. Consider the following corporate marginal tax rates: Tax rate 15% 25% 34% Taxable income ($) 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+ 39% 34% 35% 38% 35%