Question Help P2-2 (similar to) Average corporate tax rates Using the oorporate tax rate schedule given here| performne folowing: a. Caloulate the tax liability, after-tax earnings, and average tax rates for the following levels of corporate eamings before taxes: $7,000: $81,500: $298,000, $501,000: $1.8 million; $9.8 million; and $19.6 million. b. Plot the average tax rates (measured on the y axis) against the pretax income levels (measured on the x axis) What generalization can be made concerning the relationship between these variables? a Find the marginal tax rate for the following levels of corporate earnings before taxes: $7,000:$81.500: $298,000, $501,000: $1,800,000, $9.8 million; and $19.6 milion. The tax liability for eamings before taxes of $7,000 is $(Round to the nearest dollar.) Enter your answer in the answer box and then click Check