CORPORATE Incremental Taxable Income Over But Not Over Difference Marginal Tax Rate Taxes Cumulative Taxes 50,000 50,000 15% 7,500 7.500 50,000 75,000 25,000 25% 6,250 13,750 75.000 100,000 25,000 34% 8,500 22,250 100,000 335,000 235,000 39% 91,650 113,900 335,000 10,000,000 9,665,000 34% 3,286,100 3,400,000 10,000,000 15,000,000 5,000,000 35% 1,750,000 5,150,000 15,000,000 18,333,333 3,333,333 38% 1,266,667 6,416,667 18,333,333 35% PERSONAL - Married Filing Jointly Incremental Taxable income Over But Not Over Difference Marginal Tax Rate Taxes Cumulative Taxes 18,450 18,450 10% 1,845.00 1,845.00 18,450 74,900 56,450 15% 8,467.50 10,312.50 74,900 151,200 76,300 25% 19,075.00 29,387.50 151,200 230,450 79,250 28% 22.190.00 51,577.50 230,450 411,500 181,050 33% 59,746.50 111.324.00 411,500 464,850 53,350 35% 18,672.50 129,996.50 464,850 39.6% 1. Calculate the taxes for a Corporation with Taxable income of $1,000,000. What is the effective Tax Rate? 2. Calculate the taxes for a Married Filing Jointly with Taxable income of $1,000,000. what is the effective Tax Rate? 3. What are the Marginal Rates for both