Question: Can you also explain how you got to your answer? Thank You Intro A company has $12,500,000 in taxable income. Consider the following corporate tax

 Can you also explain how you got to your answer? Thank

Can you also explain how you got to your answer? Thank You

Intro A company has $12,500,000 in taxable income. Consider the following corporate tax rates: 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% 10,000,001. 15,000,000 35% 15,000,001. 18,333,333 38% 35% 18,333,334+ E Attempt 1/6 for 8 pts. Part 1 What is the marginal tax rate for the company? 35% Part 2 Attempt 3/6 for 10 pts. What is the total tax bill for the company, i.e., how much does the company have to pay in taxes? No decimals Submit Attempt 2/6 for 8 pts. Part 3 What is the company's average tax rate? 3+ decimals Submit

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