Suppose your firm earns $18 million in net income. What is the firm's tax liability? What is the firm's marginal tax rate? Calculate the average tax rate. Taxable Income Tax Liability AAAAAAAA Tax Liability on $18,000,000 income Corporate Tax Rates Taxable Income Levels Tax Rate $ $ 50,000 15% $ 50,001 $ 75,000 25% $ 75,001 $ 100,000 34% $ 100,001 $ 335,000 39% $ 335,001 $10,000,000 34% $ 10,000,001 $ 15,000,000 35% $ 15,000,001 $ 18,333,333 38% $ 18,333,334 35% Average Rate = Marginal Rate =