Question 2 (20 points) 3. Given the tax rates as shown, what is the average tax rate for a firm with taxable income of $22 (5 points) Taxable Income Tax Rate SO - 50,000 15% 50,001 - 75,000 25% 75,001 - 100,000 34% 100,001 - 335,000 39% b. The tax rates are as shown above. Your firm currently has taxable income of $79,400. How much additional tax will you owe if you increase your taxable income by $31,000? (5 points) c. At the beginning of the year, a firm has current assets of $480 and current liabilities of $210. At the end of the year, the current assets are $410 and the current liabilities are $350. What is the change in net working capital? (5 points) d. At the beginning of the year, long-term debt of a firm is $280 and total debt is $440. At the end of the year, long-term debt is $360 and total debt is $550. The interest paid is $30. What is the amount of the cash flow to creditors? (5 points) Question 2 (20 points) 3. Given the tax rates as shown, what is the average tax rate for a firm with taxable income of $22 (5 points) Taxable Income Tax Rate SO - 50,000 15% 50,001 - 75,000 25% 75,001 - 100,000 34% 100,001 - 335,000 39% b. The tax rates are as shown above. Your firm currently has taxable income of $79,400. How much additional tax will you owe if you increase your taxable income by $31,000? (5 points) c. At the beginning of the year, a firm has current assets of $480 and current liabilities of $210. At the end of the year, the current assets are $410 and the current liabilities are $350. What is the change in net working capital? (5 points) d. At the beginning of the year, long-term debt of a firm is $280 and total debt is $440. At the end of the year, long-term debt is $360 and total debt is $550. The interest paid is $30. What is the amount of the cash flow to creditors? (5 points)