d. Create a tax table for corporate taxes similar to the individual tax table shown above. For a given taxable income, what is the marginal tax rate? For a given taxable income, what is the total tax bill? For a given taxable income, what is the average tax rate? If taxable H I income is But not over-- over -- The tax is: $ $ 50,000 15% of the amount over $ 50,000 75,000 7.500 plus 25% of the amount over 50,000 75,000 100,000 13,750 plus 34% of the amount over 75,000 100,000 335,000 22,250 plus 39% of the amount over 100,000 335,000 10,000,000 113,900 plus 34% of the amount over 335,000 10,000,000 15,000,000 3,400,000 plus 35% of the amount over 10,000,000 15,000,000 18,333,333 5,150,000 plus 38% of the amount over 15,000,000 18,333,333 6,416,667 plus 35% of the amount over 18,333,333 b. The marginal tax rate is: c. The total tax bill is: Tax on the bottom of marginal tax bracket: Amount of income in marginal tax bracket: Total tax: 2 d. The average tax rate is: plus 34% 10,000,000 15,000,000 3,400,000 plus 35% 15,000,000 18,333,333 5,150,000 plus 38% 18,333,333 6,416,667 plus 35%