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(Corporate income tax) Barrington Enterprises earned $3.2 million in taxable income (eamings before taxes) during its most recent year of operations. Use the corporate tax

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(Corporate income tax) Barrington Enterprises earned $3.2 million in taxable income (eamings before taxes) during its most recent year of operations. Use the corporate tax rates shown in the popup window,, to calculate the firm's tax liability for the year, what are the firm's average and marginal tax rates? The firm's tax liability for the year is $L. (Round to the nearest dollar.) Data Table Taxable Income $0 $50,000 $50,001 $75,000 $75,001 -$100,000 $100,001- $335,000 $335,001-$10,000,000 | 34% $10,000,001 _ $15,000,000 35% $15,000,001-$18,333,333| 38% Over $18,333,333 Marginal Tax Rate 15% 25% 34% 39% 35% PrintDone

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