Oakdale Fashions, Inc., had $330,000 in 2015 taxable income.

Use the tax schedule in Table 2.3 to calculate the company's 2015 income taxes.

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 2015 Pay this Amount Plus this Percentage on Taxable Income on Base Income Anything Over the Base $0-$50,000 O 15% $50,001-$75,000 7,500 25 $75,001-$100,000 13,750 34 $100,001-$335,000 22,250 39 $335,001-$10,000,000 113,900 34 $10,000,001-$15,000,000 3,400,000 35 $15,000,001-$18,333,333 5,150,000 38 Over $18,333,333 6,416,667 35