Q1.Consider,company earns an Earning Before Tax (EBT) for 132,000 in financial year end 2020. Calculate the average taxes with the help of the following table

Amounts in $

Taxable Income	Marginal Tax Rate
0-25,000	10%
25,001-50,000	15%
50,001-100,000	22%
100,001-125,000	30%
125,001-500,000	38%
500,001 and above	40%

Q. (2)

Keeping in mind the result of question (1), Justify which tax rate is beneficial for

the company i.e. corporate tax rate or average tax rate? Use an EBT for $ 132,000 with a corporate tax rate 38%