percent tax on the first $5 million of annual corporate income. Jurisdiction B levies a flat a. Jersey Inc. generated $2.3 million income this year. Compute Jersey's income tax and determine its average and marginal tax rate on total income. b. Leray Inc. generated $6.6 million income this year. Compute Leray's income tax and determine Leray's average and marginal tax rate on total income. 4 c. What type of rate structure does Jurisdiction B use for its corporate income tax? points 02:28:33 Complete this question by entering your answers in the tabs below. Required B Required A Required C eBook Jersey Inc. generated $2.3 million income this year. Compute Jersey's income tax and determine its average and marginal tax rate on total income. (Enter income tax answer in dollars not in millions of dollars.) Income tax Average tax rate % Marginal tax rate % Required B Required A LO Complete this question by entering your answers in the tabs below. Required A Required C Required B Leray Inc. generated $6.6 million income this year. Compute Leray's income tax and determine Leray's average and marginal tax rate on total income. (Round average tax rate answer to 1 decimal place. Enter income tax answer in dollars not in millions of dollars.) Income tax Average tax rate % Marginal tax rate % Required C Required A Complete this question by entering your answers in the tabs below. Required A Required B Required C What type of rate structure does Jurisdiction B use for its corporate income tax? Progressive rate structure ORegressive rate structure OProportionate rate structure Required C> Required B