Book Name: Principles of Managerial Finance - 180 Day Option, 14th Edition

Lawrence J. Gitman

1. P2-3Marginal corporate tax ratesUsing the corporate tax rate schedule given inTable2.1, perform the following:
2. Find the marginal tax rate for the following levels of corporate earnings before taxes: $15,000; $60,000; $90,000; $200,000; $400,000; $1 million; and $20 million.
3. Plot themarginal tax rates(measured on theyaxis) against the pretax income levels (measured on thexaxis). Explain the relationship between these variables.

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