Use the partial table for corporate federal income taxes to answer the following questions.

Table: Corporate Marginal Income Tax Rates

Taxable Income Over $	But Under $	Marginal Tax Rate
N/A	50,000	15%
50,001	75,000	25%
75,001	100,000	34%
100,001	335,000	39%
335,001	10,000,000	34%

1) A corporation has a taxable income of $10 million, what is the average percentage tax rate?

34.00%; 39.00%; 31.05%, 33.08%, or 34.25%

2) A corporation has a taxable income of $70,000, what is the percentage marginal tax rate?

15.00%; 25.00%; 34.00%; 39.00%; or 34.25%

Notice: I got 34.00% for the first question & 25.00% for the second one. Is this correct? - Thank you!