The U.S.Corporate Tax Rate Schedule is shown below EXHIBIT 11.6 US. 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 Inceme More Than But Not More Than Tax Owed 15% of amount beyond S0 $7,500+25% of amount beyond $50,000 $13,750+34% of amount beyond $75,000 $22.250+39% of amount beyond S100,000 $113,900+34% of amount beyond $335,000 $3,400,000+35% of amount beyond $I0,000,000 $5,150,000+38% of amount beyond $15,000,000 $50,000 S0 $50,000 $75,000 $75,000 $100,000 $335,000 $100,000 $335,000 $10,000,000 $15,000,000 $10,000,000 $15,000,000 $18,333,333 S18.333.333 35% on all income (a) Your Answer Correct Answer Your answer is correct. What was the marginal tax rate of a corporation that had a taxable income of $10.1 million in 2016? Marginal tax rate % 35 eTextbook and Media Solution Attempts: 1 of 3 used MacBook Air (b) Your Answer Correct Answer What was the average tax rate of a corporation that had a taxable income of $10.1 million in 2016? (Round answer to 1 decimal place, eg. 17.5%) Average tax rate eTextbook and Media Solution Attempts: 0 of 3 used