Suppose the corporate tax rate is 20% and the following schedule represents individual tax rates. Tax Income Range Rate 10% $10.001-$40,000 12% $40,001 - $82,000 22% $82.001-$157,000 24% $157,001 _ $200,000 32% $200,001 _$500,000 35% 37% $0 $10,000 $500,001 and up Ifa partnership company generates S100,000 in pre-tax profit to be paid to an owner, calculate the disposable income the owner receives? a) b What is the average tax rate and marginal tax rate paid by this owner? c) Calculate the disposable income the owner receives if the company is a corporation