Problem Calculating Taxes The Alexander Co. had $328,500 in taxable income. Using the rates from Table 2.3 in the chapter, calculate the company's income taxes. What is the average tax rate? What is the marginal tax rate? TABLE 2.3 Corporate Tax Rates TAXABLE INCOME TAX RATE 15% 25 34 39 34 35 38 35 $0-50,000 50,001-75,000 5,001-100,000 100,001-335,000 35,001-10,000,000 10,000,001-15,000,000 5,000,001-18,333,333 18,333,334+