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Marginal and average tax rates Using the tax rate schedule given here perform the followin a. Calculate the tax liability, after-tax earnings, and average tax

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Marginal and average tax rates Using the tax rate schedule given here perform the followin a. Calculate the tax liability, after-tax earnings, and average tax rates for the following levels of partnership eanings before taxes: S14,600; $80,100; $303,000 $495,000 $1.1 million, $1.6 million; and $1.9 million. b. Plot the average tax rates (measured on the y axis) against the pretax income levels (measured on the x axis). What generalization can be made concerning the relationship between these variables? a. Find the marginal tax rate for the following levels of corporate earnings before taxes: $14,600; S80,100; S303,000; $495,000; $1,100,000; $1.6 million; and $1.9 million. The tax liability for earnings before taxes of $14,600 is $ (Round to the nearest dollar.) More Info Corporate Tax Rate Schedule Tax calculation (Marginal rate xamount over base bracket) Range of taxable income Base tax $0 to 9,525 to 38,700 to 82,500 to 157,500 to 200,000 to Over 500,000 S9,525 38,700 82,500 157,500 200,000 500,000 $0 + (10% x amount over 953 + (12% amount over 4.454 + (22% amount over 14.090 + (24% amount over 32,090 + (32% amount over 45,690 + (35% x amount over 150,690 + (37% x amount over S0) 9,525) 38,700) 82,500) 157,500) 200,000) 500,000) nter your a Print Done

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