Question: PLEASE HELP!!! Need help answering questions 19 and 20. Work must be shown for full credit and its due TODAY! Please help me I cannot

PLEASE HELP!!! Need help answering questions 19 and 20. Work must be

PLEASE HELP!!! Need help answering questions 19 and 20. Work must be shown for full credit and its due TODAY! Please help me I cannot figure it out!

For questions \#19-20, refer to the following financial information: Assume that a corporation's pretax net income is taxable (Federal + State) based on 21% of the first $300,000,26% of the next $300,000, and 31% of anything beyond that. YOU MUST USE EXCEL'S FUNCTIONALITY TO PERFORM ALL CALCULATIONS TO EARN CREDIT (insert rows as needed) 8 DO NOT MERELY TYPE IN NUMBERS OR IMPORT TEXT FROM OTHER SOURCES: 19. If the corporation generated $1,050,000 of taxable net income, what is the corporation's average tax rate? 20. If the corporation generated $800,000 of taxable net income, what is the corporation's marginal tax rate

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