Using Excel to find the marginal tax rate can be accomplished using the VLOOKUP function. However, calculating the total tax bill is a little more difficult. Here we show a copy of the IRS tax table for an individual from a recent year. Often, tax tables are presented in this format. In reading this table, the marginal tax rate for taxable income less than exist9, 225 is 10%. If the taxable income is between exist9, 225 and exist37, 450, the tax bill is exist922.50 plus the marginal taxes. The marginal taxes are calculated as the taxable income minus exist9, 225 times the marginal tax rate of 15%. Next, we have the corporate tax table as shown in the textbook. Create a tax table in Excel for corporate taxes similar to the individual tax table shown earlier. Your spreadsheet should then calculate the marginal tax rate the average tax rate, and the tax bill for any level of taxable income input by a user. For a taxable income of exist1, 350,000, what is the marginal tax rate? For a taxable income of exist1, 350,000, what is the total tax bill? For a taxable income of exist1, 350,000, what is the average tax rate