During the 2013 financial year, Stacey Stationeries reported tax-able earnings of $78,000. Use table 2.1 to answer the following questions:

	Tax Calculation
Range of taxable income	Base Tax	Marginal rate x amount over base bracket
0-50,000	0	15% x amount over 0
50,000-75,000	7500	25% x amount over 50,000
75,000-100,000	13750	34% x amount over 75,000
100,000-335,000	22250	39% x amount over 100,000
335,000-10,000,000	113900	34% x amount over 335,000
10,000,000-15,000,000	3400000	35% x amount over 10,000,000
15,000,000-18,333,333	5150000	38% x amount over 15,000,000
over 18,333,333	6416667	35% x amount over 18,333,333

How much tax should Stacey Stationeries have paid for the 2013 financial year?

Calculate Stacey Stationeries average tax rate for the 2013 financial year?

What is Stacey Stationeries marginal tax rate for the 2013 financial year?

If Stacey Stationeries is a small company, how much profit will Stacey have available to distribute to its few stockholders according to the 2013 income statement