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; $402,000 $1.7 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 $1. (Round to the nearest dollar) Corporate Tax Rate Schedule + + + Range of taxable income $0 to $50,000 50,000 to 75,000 75,000 to 100,000 100,000 to 335,000 335,000 to 10,000,000 10,000,000 to 15,000,000 15,000,000 to 18,333,333 Over 18,333,333 Base tax $0 7,500 13,750 22,250 113,900 3,400,000 5,150,000 6,416,667 Tax calculation (Marginal rate x amount over base bracket) x amount over $0) x amount over 50,000) X amount over 75,000) X amount over 100,000) x amount over 335,000) X amount over 10,000,000) X amount over 15,000,000) x amount over 18,333,333) (15% (25% + (34% (39% + (34% + (35% + (38% + (35% +