What are the tax liability, the marginal tax rate, and the average tax rate for a corporation with $150,500 taxable income?(Round "Average tax rate" to 2 decimal places.)

Tax liability$41,945

Marginal tax rate 39%

Average tax rate?

What are the tax liability, the marginal tax rate, and the average tax rate for a corporation with $17,500,000 taxable income?(Round "Average tax rate" to 2 decimal places.)

Tax liability$6,100,000

Marginal tax rate38%

Average tax rate?

2016 Income Tax Rates INDIVIDUAL TAX RATE SCHEDULES Married Filing Jointly and Surviving Spouse If taxable income is: Not over $18,550 Over $18,550 but not over $75,300 Over $75,300 but not over $151,900 Over $151,900 but not over $231,450 Over $231,450 but not over $413,350 Over $413,350 but not over $466,950 Over $466,950 If taxable income is: Not over $9,275 Over $9,275 but not over $37,650 Over $37,650 but not over $75,950 Over $75,950 but not over $115,725 Over $1 15,725 but not over $206,675 Over $206,675 but not over $233,475 Over $233,475 The tax is: 10% of taxable income $1,855.00 + 15% of excess over $18,550 $10,367.50 + 25% of excess over $75,300 $29,517.50 + 28% of excess over $151,900 $51,791.50 + 33% of excess over $231,450 $111,818.50 + 35% of excess over $413,350 $130,578.50 + 39.6% of excess over $466,950 Married Filing Separately The tax is: 10% of taxable income $927.50 + 15% of excess over $9,275 $5,183.75 + 25% of excess over $37,650 $14,758.75 + 28% of excess over $75,950 $25,895.75 + 33% of excess over $115,725 $55,909.25 + 35% of excess over $206,675 $65,289.25 + 39.6% of excess over $233,475 Heads of Household If taxable income is: The tax is: Not over $13,250 Over $13,250 but not over $50,400 Over $50,400 but not over $130,150 Over $130,150 but not over $210,800 Over $210,800 but not over $413,350 Over $413,350 but not over $441,000 Over $441,000 10% of taxable income $1,325.00 + 15% of excess over $13,250 $6,897.50 + 25% of excess over $50,400 $26,835.00 + 28% of excess over $130,150 $49,417.00 + 33% of excess over $210,800 $116,258.50 + 35% of excess over $413,350 $125,936.00 + 39.6% of excess over $441,000