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Boyer Enterprises had $200,000 in 2008 taxable income. Taxable income Tax rate 15% 25% 34% 39% $0-50,000 50,001-75,000 75,001-100,000 100,001-335,000 335,001-10,000,000 10.000,001 15,000,000 15,000,001- 18,333,333

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Boyer Enterprises had $200,000 in 2008 taxable income. Taxable income Tax rate 15% 25% 34% 39% $0-50,000 50,001-75,000 75,001-100,000 100,001-335,000 335,001-10,000,000 10.000,001 15,000,000 15,000,001- 18,333,333 18,333,334+ 34% 35% 38% 35% 1) (3 points) What is the firm's tax bill (tax liability) based on the rates shown in the table above (not a flat tax rate)? 2) (3 points) What is the firm's average tax rate? 3) (3 points) What is the firm's marginal tax rate

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