Question 4 (10 points) What is the taxible income for the following? Gross income = $235,000 Business expenses = $32,000 MARCS depreciation = $95.000 Average federal tax rate = 0.190 Average state tax rate = 0.075 Question 5 (10 points) What is the effective tax rate (written as 0.xxx) for the following? Gross income = $160,000 Business expenses = $146,000 MARCS depreciation = $95,000 Average federal tax rate = 0.190 Average state tax rate = 0.075