Use the following tax table to answer this question:

Taxable Income		Tax Rate
$ 0-	50,000	15%
50,001-	75,000	25
75,001-	100,000	34
100,001-	335,000	39
335,001-	10,000,000	34

A. Bait and Tackle has taxable income of $411,562. How much does it owe in taxes?

Group of answer choices

$143,759.18

$132,281.08

$139,931.08

$128,603.33

$190,462.00

B.Using information from the previous problem, what is the difference between the marginal and average tax rate for Bait and Tackle?

Group of answer choices

The average tax rate is the same as the marginal tax rate.

The marginal tax rate is 5.00 percent higher than the average tax rate.

The average tax rate is 5.00 percent higher than the marginal tax rate.

The marginal tax rate is 2.75 percent higher than the average tax rate.

The average tax rate is 2.75 percent higher than the marginal tax rate.