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Average corporate tax rates Using the corporate tax rate schedule given here ( quad ), perform the following: a. Calculate the tax liability, after-tax earnings,

image text in transcribed Average corporate tax rates Using the corporate tax rate schedule given here \\( \\quad \\), perform the following: a. Calculate the tax liability, after-tax earnings, and average tax rates for the following levels of corporate earnings before taxes: \\( \\$ 10,000 \\); \\( \\$ 80,000 ; \\$ 300,000 \\); \\( \\$ 500 \\), 000 ; \\( \\$ 1.5 \\) million; \\( \\$ 10.0 \\) million and \\( \\$ 20.0 \\) 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? More info (Click on the icon here n; and \\( \\$ 20.0 \\) million. Average corporate tax rates Using the corporate tax rate schedule given here \\( \\quad \\), perform the following: a. Calculate the tax liability, after-tax earnings, and average tax rates for the following levels of corporate earnings before taxes: \\( \\$ 10,000 \\); \\( \\$ 80,000 ; \\$ 300,000 \\); \\( \\$ 500 \\), 000 ; \\( \\$ 1.5 \\) million; \\( \\$ 10.0 \\) million and \\( \\$ 20.0 \\) 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? More info (Click on the icon here n; and \\( \\$ 20.0 \\) million

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