The U.S. Corporate Tax Rate Schedule is shown below. EXHIBIT 11.6 U.S. Corporate Tax Rate Schedule in 2016 Just like the tax system for individuals, the tax system for corporations in the United States is progres sive, with marginal tax rates ranging from 15 percent to as high as 39 percent. Taxable income More But Not Than More Than Tax Owed SO $50,000 15% of amount beyond So $50,000 $75.000 $7.500 + 25% of amount beyond $50,000 $75.000 $100,000 $13,750+ 34% of amount beyond 575.000 $100,000 $335.000 $22,250 + 39% of amount beyond 5 100,000 $335.000 S10,000,000 $113.900 +34% of amount beyond $335.000 $10,000,000 $15,000,000 $3,400,000 + 35% of amount beyond $10,000,000 $15.000.000 $18,333,333 55,150,000 + 38% of amount beyond $15.000.000 $18,333,333 35% on all income (a) What was the marginal tax rate of a corporation that had a taxable income of $10.455 million in 2016? Marginal tax rate %