To complete the assignments listed below, refer to the Table 2-1.

TABLE 2-1 Corporate Tax Rates as of January 201 2 If a Corporation's Taxable Income Is up to $50,000 over It Pays This Amount on the Base of the Bracket $0 $7,500 S13,750 $22,250 Sl 1 3,900 $3A00,ooo $6416,667 Plus This Percentage on the Excess Over the Base 15% 25 34 39 34 35 38 35 Average Tax Rate at Top of Bracket 15.0% 18.3 22.3 34.0 34.0 34.3 35.0 35.0