Based on the following table of the tax rates, what is the marginal tax rate for a firm with taxable income of $500,000?

Taxable Income ($)	Tax Rate
0 9,525	10%
9,525 38,700	12%
38,700 82,500	22%
82,500 157,500	24%
157,500 200,000	32%
200,000 500,000	35%
500,000 +	37%

Group of answer choices

37 percent

24 percent

35 percent

22 percent