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Problem 3-28 Tax Rates (LO4) What would be the marginal and average tax rates for a corporation with an income level of $78,000? Use Table

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Problem 3-28 Tax Rates (LO4) What would be the marginal and average tax rates for a corporation with an income level of $78,000? Use Table 3-5. (Do not round intermediate calculations. Enter the marginal tax rate as a whole percent. E ter the average tax rate as a percent decimal places.) rounded to 2 Marginal tax rate Average tax rate .5 Corporate tax 16 Taxable Income ($) Tax Rate (%) 15 0-50,000 50,001-75,000 75,001-100,000 100,001-18,333.333 25 34 Varles between 39 and 34 Over 18,333,333 35

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