Show solution ty

Average corporate tax rates Ordinary income in 2017 was taxed subject to the rates shown in the accompanying table A. Using the data in the table, perform the following: a. Calculate a firm's tax liability, after tax earnings, and average tax rate for the following levels of corporate earnings before taxes: $18,500; $68,600; $302,000; S709,000, $1.2 million; S18 million; and $20 million. b. Plot the average tax rate measured on the y-axis) and the pretax income levels (measured on the x-axis). Explain the relationship between average tax rate and pretax income level. O a. Calculate a firm's tax liability, after tax earnings, and average tax rate for the following levels of corporate earnings before taxes: $18,500; $68,600; $302,000; S709,000; $1.2 million, 518 million; and $20 million. The tax liability for corporate earnings before taxes of $18,500 is $. (Round to the nearest dollar.) Average corporate tax rates Ordinary income in 2017 was taxed subject to the rates shown in the accompanying table A. Using the data in the table, perform the following: a. Calculate a firm's tax liability, after tax earnings, and average tax rate for the following levels of corporate earnings before taxes: $18,500; $68,600; $302,000; S709,000, $1.2 million; S18 million; and $20 million. b. Plot the average tax rate measured on the y-axis) and the pretax income levels (measured on the x-axis). Explain the relationship between average tax rate and pretax income level. O a. Calculate a firm's tax liability, after tax earnings, and average tax rate for the following levels of corporate earnings before taxes: $18,500; $68,600; $302,000; S709,000; $1.2 million, 518 million; and $20 million. The tax liability for corporate earnings before taxes of $18,500 is $. (Round to the nearest dollar.)