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

Average corporate tax rates Using the corporate tax rate schedule given here i, perform the following:
a. Calculate the tax liability, after-tax earnings, and average tax rates for the following levels of corporate earnings
before taxes: $10,400;$81,900;$302,000;$499,000;; $1.9 million; $9.4 million; and $19.6 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: $10,400;$81,900;$302,000;
$499,000;$1,900,000;$9.4 million; and $19.6 million.
The tax liability for earnings before taxes of $10,400 is $1,560.(Round to the nearest dollar.)
The after-tax earnings on $10,400 are $8840.(Round to the nearest dollar.)
The average tax rate for the $10,400 in pretax earnings is 15%.(Round to one decimal place.)
The tax liability for earnings before taxes of $81,900 is $16,096.(Round to the nearest dollar.)
The after-tax earnings on $81,900 are $65804.(Round to the nearest dollar.)
The average tax rate for the $81,900 in pretax earnings is 19.7%.(Round to one decimal place.)
The tax liability for earnings before taxes of $302,000 is $.(Round to the nearest dollar.)Please

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