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The Great Corporation had $ 200,000 in 2021 taxable income. Using the rates from the following table, calculate the company's 2021 income taxes. Based on

The Great Corporation had $ 200,000 in 2021 taxable income. Using the rates from
the following table, calculate the company's 2021 income taxes. Based on that,
calculate the company's average tax rate and marginal tax rate.
please help
image text in transcribed
Taxable income $ 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+ Tax rate 15% 25% 34% 39% 34% 35% 38% 35%

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