CHECK MY WU Problem 2-7 Corporate Taxes (LG2-3) Oakdale Fashions, Inc. had $370,000 in 2018 taxable income. Using the tax schedule in Table 2.3 to calculate the company's 2018 income taxes. (Round your answer to the nearest dollar amount.) Income taxes What is the average tax rate? (Round your answer to 2 decimal places.) Average tax rate What is the marginal tax rate? Marginal tax rate table 2.3 Corporate Tax Rates as of 2018 Taxable income Pay this Amount on Base Income Plus this Percentage on Anything Over the Base 15% $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 Over $18,333,333 7,500 13.750 22,250 113,900 3,400,000 5,150,000 6,416,667