on 2a (for $250,000 taxable income only)

LG6 P2-2 Average corporate tax rates Using the corporate tax rate schedule given in Table 2.1, perform the following: a. Calculate the tax liability, after-tax earnings, and average tax rates for the fol- lowing levels of corporate earnings before taxes: $10,000; $80,000; $300,000; $500,000; $1.5 million; $10 million; and $20 million b. Plot the average tax rates (measured on the y axis) against the pretax income lev- els (measured on the x axis). What generalization can be made concerning the re- lationship between these variables? LG6 P2-2 Average corporate tax rates Using the corporate tax rate schedule given in Table 2.1, perform the following: a. Calculate the tax liability, after-tax earnings, and average tax rates for the fol- lowing levels of corporate earnings before taxes: $10,000; $80,000; $300,000; $500,000; $1.5 million; $10 million; and $20 million b. Plot the average tax rates (measured on the y axis) against the pretax income lev- els (measured on the x axis). What generalization can be made concerning the re- lationship between these variables