Calculating Taxable Income: The Conrad Company has $267,000 in taxable income. Using the rates on the taxable income table below, calculate their average tax rate and marginal tax rate. 40,050, 66,750, 90,780, 104,130, 90,780, 93,450, 101,460, 93,450

Taxable Income (in $)	Tax Rate
050,000.	15%
50,001.75,000.	25%
75,001.100,000.	34%
100,001.335,000.	39%
335,00110,000,000.	34%
10,000,00115,000,000.	35%
15,000,00118,333,333.	38%
18,333,334+	35%