The SGS Co. had $215,000 in taxable income. Use the rates from Table 2.3. (Enter your answer as directed, but do not round intermediate calculations.)

Requirement 1: What is the average tax rate? (Round your answer to 2 decimal places (e.g., 32.16).

Requirement 2: What is the marginal tax rate?

(If possible can you explain your steps please? My professor did a poor job going over this in class and I can't get a hold of him for office hours)

Taxable Income Tax Rate 50,000 75,000 100,000 - 335,000 335,001- 10,000,000 10,000,001 15,000,000 15,000,001 18,333,333 15% 25 34 39 34 35 38 35 0 50,001 75,001 100,001 18,333,334+