QUESTION 5 What is the tax a company must pay on $1,000 of income if it pays $500 in dividends and the tax table is as follows: $0-800 is taxed at 20% All income above 800 taxed at 35% o 100 o 200 o 230 o 350 QUESTION 6 For a company that has $1,000 in taxable income and the tax rates are as follows: For taxable income up to $800 - tax rate = 20% For income above $800 - tax rate = 40% What are the firm's average and marginal tax rates? o 24% and 40% o 20% and 20% o 20% and 40% o 40% and 40%