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? 24% and 40% 20% and 20% 2096 and 40% 40% and 40% QUESTION 7 What does it mean when numbers have parentheses around them on the accounting statements? The number is a preliminary estimate The number is negative The number was previously changed None of the above Click Save and Submit to save and submit. Click Save All Answers to save all answers Content - Google Chr. Microsoft Teams - Error