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Question 3 1 pts Apple Inc. has 4.38 billion shares outstanding. The company reported taxable income of $65.737 billion and paid $10.481 billion in federal

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Question 3 1 pts Apple Inc. has 4.38 billion shares outstanding. The company reported taxable income of $65.737 billion and paid $10.481 billion in federal taxes in 2019. If the federal tax rate on income above $50 billion is 21%, which of the following is true about Apple's federal tax rate? Average tax rate Marginal tax rate Average tax rate = Marginal tax rate

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