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Marginal corporate tax rates Using the corporate tax rate schedule given here perform the following: a. Find the marginal tax rate for the following levels

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Marginal corporate tax rates Using the corporate tax rate schedule given here perform the following: a. Find the marginal tax rate for the following levels of corporate earnings before taxes: $14.700: $58,100: $89,600 $202,000; 5402,000; 51.7 million, and $19.8 million. b. Plot the marginal tax rates (measured on the y axis) against the pretax income levels (measured on the x axis). Explain the relationship between these variables. a. The marginal tax rate for earnings before taxes of $14,700 is 15%. (Round to the nearest integer.) The total taxes due for earnings before taxes of $14,700 is $ 2205. (Round to the nearest dollar.) . The marginal tax rate for earnings before taxes of $58,100 is 25 %. (Round to the nearest integer.) The total taxes due for earnings before taxes of $58,100 is $. (Round to the nearest dollar.) More Info (Click the icon here in order to copy the contents of the data table below into a spreadsheet.) Corporate Tax Rate Schedule Tax calculation Range of taxable income Base tax + (Marginal rate x amount over base bracket) $0 to $50,000 $0 + (15% x amount over $0) 50,000 to 75,000 7,500 (25% x amount over 50,000) 75,000 to 100,000 13.750 (34% X amount over 75,000) 100,000 to 335,000 22,250 (39% x amount over 100,000) 335,000 to 10,000,000 113,900 (34% x amount over 335,000) 10,000,000 to 15,000,000 3,400,000 + (35% x amount over 10,000,000) 15,000,000 to 18,333,333 5,150,000 (38% x amount over 15,000,000) Over 18,333,333 6.416.667 (35% x amount over 18,333,333) + ock

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