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Oakdale Fashions, Inc. had $245,000 in 2018 taxable income. Using the tax schedule in Table 2.3 to calculate the company's 2018 income taxes. (Round your

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Oakdale Fashions, Inc. had $245,000 in 2018 taxable income. Using the tax schedule in Table 2.3 to calculate the company's 2018 income taxes. (Round your answer to the nearest dollar amount.) Income taxes What is the average tax rate? (Round your answer to 2 decimal places.) Average tax rate What is the marginal tax rate? Marginal tax rate % table 2.3 Corporate Tax Rates as of 2018 Taxable income $0-$50,000 $50,001-$75,000 $75,001-$100,000 $100,001-$335,000 $335,001-$10,000,000 $10,000,001-$15,000,000 $15,000,001-$18,333,333 Over $18,333,333 Pay this Amount on Base Income 0 7,500 13,750 22,250 113,900 3,400,000 5,150,000 6,416,667 Plus this Percentage on Anything Over the Base 15% 25 34 39 34 35 38 35

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