America Montes Hores 01/29/20 10:55 PM Homework: Chapter 3 Homework Save Score: 0 of 1 pt 5 of 6 (3 complete) HW Score: 33.33%, 2 of 6 pts Question Help P3-4 (similar to) (Corporate income tax) Barrington Enterprises eamed $39 million in taxable income (earnings before taxes) during its most recent year of operations. Use the corporate tax rates shown in the popup window. I. to calculate the firm's tax liability for the year. What are the firm's average and marginal tax rates? The firm's tax liability for the year is $ (Round to the nearest dollar.) 3 Homework 5 of 6 (3 complete) earned $3.9 million in taxable income (earnings before taxes) during its most recent year of operations. Us abilit Data Table Taxable income Marginal Tax Rate $0 - $50,000 15% $50,001 - $75,000 25% $75,001 - $100,000 34% $100,001 - $335,000 39% $335,001 - $10,000,000 3 4% $10,000,001 - $15,000,000 35% $15,000,001 - $18,333,333 38% Over $18,333,333 35% Print Done n click UNECK ANSWE Clear All