The SGS Co. had $150,793 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 32 in the book or Slide 6 of Ch2)

TABLE 2.3 Corporate tax rates