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Zapple Inc. is concerned about the taxes paid by the company in 2018. The firm received $4 million in earnings from operations, paid $100,000 in

Zapple Inc. is concerned about the taxes paid by the company in 2018. The firm received $4 million in earnings from operations, paid $100,000 in interest payments, received $150,000 of interest income, and finally $300,000 in dividend income. What is Zapple's tax liability, average tax rate, and marginal tax rate, respectively using the table given below?

Taxable Income / Tax on Base of Bracket / Percentage on Excess above Base

$0-$50,000 / $0 / 15%

$50,000-$75,000 / 7,500 / 25

$75,000-$100,000 / 13,750 / 34

$100,000-$335,000 / 22,250 / 39

$335,000-$10,000,000 / 113,900 / 34

$10,000,000-15,000,000 / 3,400,000 / 35

$15,000,000-18,333,333 / 5,150,000 / 38

Over $18,333,333 / 6,416,667 / 35

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