The SGS Co. had $124,476 in taxable income. Using the rates from the table below, calculate the companys income taxes. What is the marginal tax rate? Enter your answer with 2 decimals (e.g. 0.12). (If the table doesn't display, use Table 2.3 from page 31 in the book)

Taxable income Tax Rate $ 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