(Click on the icon here in order to copy the contents of the data table below into a spreadsheet) Corporate Tax Rate Schedule Tax calculation Range of taxable income Base tax (Marginal rate amount over base bracket) 50 to $50,000 $0 + (15% X amount over 50) 50,000 to 75 000 7,500 (25% X amount over 50,000) 75,000 to 100,000 13,750 (34% X amount over 75.000) 100.000 to 335 000 22.250 (39% amount over 100,000) 335.000 to 10.000.000 113.900 (34% x amount over 335.000) 10.000.000 to 15 000,000 3,400.000 (35% x amount over 10.000.000) 15,000,000 to 18.333.333 5.150.000 (38% x amount over 15,000,000) Over 18,333,333 6.416,667 (35% x amount over 18,333 333) -- + + - Print Done Homework: HW Ch1 Save core: 0 of 10 pts 2 of 2 (1 complete) HW Score: 50%, 10 of 20 pts 1-7 (similar to) Question Help Average corporate tax rates Using the corporate tax rate schedule given here perform the following: a. Calculate the tax liability, after-tax earnings, and average tax rates for the following levels of corporate earnings before taxes: $12,800: $79,000; $305,000; $499,000: $1.7 million; $9.1 million; and $19.6 million. b. Plot the average tax rates (measured on the y axis) against the pretax income levels (measured on the x axls). What generalization can be made concerning the relationship between these variables? a. Find the marginal tax rate for the following levels of corporate earnings before taxes: $12,800, $79,000, $305,000, $499,000; $1.700,000; $9.1 million; and $19.6 million The tax liability for earnings before taxes of $12,800 is $ ] (Round to the nearest dollar) h Enter your answer in the answer box and then click Check Answer Average corporate tax rates Using the corporate tax rate schedule given here perform the following: a. Calculate the tax liability, after-tax earnings, and average tax rates for the following levels of corporate earnings before taxes: $13,000 $78,300; $304,000; $498,000 $1.8 million; $9.6 million, and $20.1 million. b. Plot the average tax rates (measured on the y axis) against the pretax income levels (measured on the x axis). What generalization can be made concerning the relationship between these variables? a. Find the marginal tax rate for the following levels of corporate earnings before taxes: $13,000; $78,300; $304,000, $498,000 $1,800,000 $9.6 million; and $20.1 million The tax liability for earnings before taxes of $13,000 is $ (Round to the nearest dollar.)