Given the U.S. Corporate Tax Rate Schedule shown below, and a corporation that generates a taxable income of $11.105 million in 2013 EXHIBIT 11.6 Just like the tax system for individuals, the tax system for corporations in the United States is progressive, with marginal tax rates ranging from 15 percent to as high as 39 percent. U.S. Corporate Tax Rate Schedule in 2013 Taxable Income But Not More Than More Than Tax Owed 15% of amount beyond $0 $0 $50,000 $75,000 $100,000 $335,000 $10,000,000 $15,000,000 $18,333,333 $50,000 $75,000 $100,000 $335,000 $10,000,000 $15,000,000 $18,333,333 $7,500 + 25% of amount beyond $50,000 $13,750 + 34% of amount beyond $75,000 $22,250 + 39% of amount beyond $100,000 $113,900 + 34% of amount beyond $335,000 $3,400,000 35% of amount beyond $10,000,000 $5,150,000 + 38% of amount beyond $15,000,000 35% on all income What is the marginal tax rate? Marginal tax rate