The cash balance at the beginning of the year is $5,000. Over the year the cash from operations was $10,000 and and the cash from/to financing was zero. If the cash balance at the end of the year was $6,000 what was the amount of expenditures (cash outflow) on gross fixed assets? $16,000 $8,000 $6,000 $4,000 QUESTION 4 Consider the following schedule of marginal taxes. Marginal Tax Rate Income range 10% 12% $0 to $10,275 $10,275 to $41,775 22% $41,775 to $89,075 Compute the average tax rate for an income of $63,000. 12% 13% 1496 15%