Average corporate tax rates Using the corporate tax rate schedule given here perform the following: a. Calculate the tax liability, after-tax earnings, and average tax rates for the following levels of corporate earnings before taxes: $9,500; $80,400; $302,000; $502,000; $1.7 million; $9.2 million; and $20.3 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: $9,500; $80,400; $302,000; $502,000; $1,700,000; $9.2 million; and $20.3 million. The tax liability for earnings before taxes of $9,500 is $ 1425. (Round to the nearest dollar.) The after-tax earnings on $9,500 are $ 8075. (Round to the nearest dollar.) More Info The average tax rate for the $9,500 in pretax earnings is 15 %. (Round to one decimal place.) The tax liability for earnings before taxes of $80,400 is $59496. (Round to the nearest dollar.) (Click on the icon here in order to copy the contents of the data table below into a spreadsheet.) Corporate Tax Rate Schedule + Range of taxable income $0 to $50,000 50,000 to 75,000 75,000 to 100.000 100,000 to 335,000 335,000 to 10,000,000 10,000,000 to 15,000,000 15,000,000 to 18,333,333 Over 18,333,333 Base tax $0 7,500 13,750 22,250 113,900 3,400,000 5,150,000 6,416,667 (15% (25% (34% (39% (34% (35% (38% (35% Tax calculation (Marginal rate amount over base bracket) x amount over SO) x amount over 50,000) x amount over 75,000) X amount over 100,000) X amount over 335,000) x amount over 10,000,000) x amount over 15,000,000) X amount over 18,333,333) Print Done Enter your answer in the answer box and then click Check