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QUESTION 2 Electricity, Inc. had $ 3 2 5 , 0 0 0 in 2 0 2 3 taxable income. Using the tax schedule below,

QUESTION 2
Electricity, Inc. had $325,000 in 2023 taxable income. Using the tax schedule below, what are the company's 2023 income taxes, average tax rate, and marginal tax rate, respectively?
Taxable income
$0-$50,000
$50,001-$75,000
$75,001-$100,000
$100,001-$335,000
$335,000-$10,000,000
Tax Rate
$22,250,7.42%,39%
15%
25%
34%
39%
34%
$78,000,26.00%,39%
$110,000,33.85%,39%
$139,250,46.42%,39%
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