Oakdale Fashions, Inc. had $315,000 in 2018 taxable income.

Using the tax schedule in Table 2.3 to calculate the companys 2018 income taxes. (Round your answer to the nearest dollar amount.)

What is the average tax rate? (Round your answer to 2 decimal places.)

What is the marginal tax rate?

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table 2.3 Corporate Tax Rates as of 2018 Pay this Amount on Base Income Taxable Income Plus this Percentage on Anything Over the Base $0-$50,000 $50,001-$75,00O $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 15% 7,500 13,750 22,250 113,900 3,400,000 5,150,000 6,416,667 25 34 39 34 35 38 35