Assume that the tax rates on corporate taxable income up to $50000 is 15% and 25% for income levels between $50001 and $75000. If the Clumsy Chihuahua Music company has a taxiable income of $71000, then it has a tax liability of__________ and an average tax rate of__________.

suppose you want to invest $10000. You have two options:

option1: Invest in municipal bonds with an expected return of 13% or..

option2: Invest in the corporate bonds of jeffery inc. Which are offering an expected return of 18.85%

Assume that your decision is based solely on your tax situation . If everyonelse is same for both bonds, at what tax rate would you be indifferent between these two bonds investments?

A. 39.68% B. 31.00% C. 34.10% D. 28.83%