Draw Design Layout References Mailings Review View Tell me Share es New... 12 Aa A A A ADA A LA TU Styles Styles Pane Dietate 12. Use the following tax table to answer this question: Taxable income Tax Rate $ 0 50.000 15% 50,001 75.000 25 75,001 100,000 34 100,001 335,000 39 335.001- 10.000.000 34 Bait and Tackle has taxable income of $340,000. How much does it owe in taxes? What is its average tax rate? (7 points) 13. A fire has destroyed a large percentage of the financial records of the Fenton Company. Yon have the task of piecing together information in order to release a financial report. You have found the return on equity to be 17 percent. Sales were $1,950,000, the total debt ratio was 60, and total debt was $750.000. What is the return on assets (ROA)? (6 points)