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Use the following information to answer question 13 Taxable income Tax rates $0-$50,000 10% $50,001 - 575.000 20% $75,001 - $100,000 30% $100,001 - $335,000

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Use the following information to answer question 13 Taxable income Tax rates $0-$50,000 10% $50,001 - 575.000 20% $75,001 - $100,000 30% $100,001 - $335,000 40% 3. If BamaCom Inc. reports taxable income of $55,000, then the a marginal tax rate is 10.0% b. average tax rate is 20.0% c. average tax rate is 10.9% d marginal tax rate is 30.0%

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