d) Lease income received on a piece of land Question 4 (10 points) Clarity Music Company has a marginal tax rate of 34 percent and an average tax rate of 32 percent this year. It is planning to construct a new recording studio next year. The appropriate tax rate to be applied on the income generated from the new studio a) the average tax rate. b) the marginal tax rate. Oc) either one. Od none of the above. Question 5 (10 points) w ing to the realization principle, revenue from a sale of the firm's products are