Use the following tax rates to answer questions 12-15 Also, assume the business has taxable income of $150,000. Taxable Income Tax Rate $ 0 - 50,000 15% 50,001 - 75,000 25% 75,001 - 100,000 34% 100,001 - 335,000 39% How much tax will this company pay based on the information above. Carry your answer 2 decimal places and round up. Do not include commas and dollar signs in your answer. $24,569.776 would be entered as 24569.78. Blank 1 Question 13 What is the average tax rate paid by the the taxpayer? Carry the decimal two places and round. 24.877 % would be entered as 24.88 Blank 1 Question 14 What is the "Marginal Tax Rate" for this taxpayer at this level of income? Your answer should have no decimal points. 34% would be entered as 34 Blank 1 Question 15 At this marginal tax rate, how much additional tax will this taxpayer pay on an additional $10,000 of taxable income? Your answer should have no decimal points. Do not enter commas or $ signs. $3,000 would be entered as 3000 Blank 1 Question 38 Total Liabilities $ 5,000,000 Common Stock $ 1,000,000 Retained Earnings $100,000,000 Total Shareholder Equity $101,000,000 Total Liab and Equity $106,000,000 Additional Information: Total Common Shares Outstanding 50,000 Dividends per share for the year $1 Net Income for the year 2,000,000 Fair market value per share $21 You have been given the Liability and Equity amounts for a company. In other words you have the right side of the Balance Sheet. You have also been given some other information on this company. Based on the information provided to you, do you think the shareholders of this company are happy. Please provide justification for your answer. Hint: Return on Equity, Earnings Per Share (Net Income/Oustanding Shares) , and Price to Earnings provide good support for your answer. Also, I would look at the Debt to Equity Ratio to support your answer. Some students will email me wondering where Total Assets are. Remember you can easily calculate that if you know that Total Assets = Total Liabiliites and Owners Equity. Thank you