Suppose your firm earns $4 million in taxable income.

- What is your firms tax liability?

- what is the average tax rate?

- what is the marginal tax Rate?

Corporate Tax Rates Taxable Tax Tax Rate 15% 25% 34% 39% 34% 35% 38% 35% Income Liabilit Taxable Income Levels 50,001 $ 75,001 100,001 S 50,000 75,000 100,000 335,000 10,000,000 | 335,001 $ 10,000,001 $ 18,333,333 | 15,000,001 | $ 18,333,334 $ Average Rate = Marginal Rate =