Required: a. Jersey Incorporated generated $2.8 million income this year. Compute Jersey's income tax and determine its average' and marginal tax rate on total income. b. Leray Incorporated generated $7.6 million income this year. Compute Leray's income tax and determine Leray's average ar marginal tax rate on total income. c. What type of rate structure does Jurisdiction B use for its corporate income tax? Complete this question by entering your answers in the tabs below. Jersey Incorporated generated $2.8 million income this year. Compute Jersey's income tax and determine its average and marginal tax rate on total income. Note: Enter income tax answer in dollars not in millions of dollars. Jurisdiction B levies a flat 7 percent tax on the first $5 million of annual corporate income. Required: a. Jersey Incorporated generated $2.8 million income this year. Compute Jersey's income tax and determine its average and marginal tax rate on total income. b. Leray Incorporated generated $7.6 million income this year. Compute Leray's income tax and determine Leray's average and marginal tax rate on total income. c. What type of rate structure does Jurisdiction B use for its corporate income tax? Complete this question by entering your answers in the tabs below. Jersey Incorporated generated $2.8 million income this year. Compute Jersey's income tax and determine its average and marginal tax rate on total income. Note: Enter income tax answer in dollars not in millions of dollars