B) average tax rate of corporation that had a taxble income of 11.275 million in 2016?

EXHIBIT 11.6 US. Corporate Tax Rate Schedule in 2016 Just like the tax system for individuals, the tax system for corporations in the United States is progres sive, with marginal tax rates ranging from 15 percent to as high as 39 percent Taxable income More But Not Tham More Than Tax Owed SO 550.000 15% of amount beyond SO 550.000 $75.000 $7,500 + 25% of amount beyond 550.000 575.000 $100,000 $13.750 + 349 of amount beyond $75,000 $100,000 $335.000 $22.250+ 39% of amount beyond $100.000 $335.000 $10,000,000 5113,900 + 34% of amount beyond $335.000 S10,000,000 $15,000,000 $3,400,000 + 35% of amount beyond $10,000,000 SI5,000,000 $18,333,333 $5,150,000+ 38% of amount beyond 515.000.000 $18,333,333 35% on all income (a) What was the marginal tax rate of a corporation that had a taxable income of $11.275 million in 2016? % Marginal tax rate