Given a tax rate of 15% for income up to $100,000, a tax rate of 25% for income between $100,001 and $150,000, and a tax rate of 34% for income above $150,000, if ABC Inc reports taxable income of $74,000, then the _______________. Select one: a. marginal tax rate is 34.0% b. average tax rate is 20.0% c. marginal tax rate is 25.0% d. average tax rate is 34.0% e. marginal tax rate is 15.0%