Taxable Income Tax Rate TABLE 2.3 Corporate tax rates 0 50,000 50,001 75,000 75,001 100,000 100,001 335,000 335,001 10,000,000 10,000,001 15,000,000 15,000,001 18,333,333 18,333,334+ 15% 25 34 39 34 35 38 35 21% 3. Seaver Corp. had $243,000 in taxable income. Using the rates from Table 2.3 in the text book, calculate the company's income taxes. What is the average tax rate? What is the marginal tax rate? 4. Shorkie Manufacturing had sales of $38,530, costs of $12,750, depreciation expense of $2,550, and interest expense of $1,850. If the tax rate is 35%, what is the operating cash flow (OCF)