Question: Taxable incomeTax rate$ 0 - $ 5 0 , 0 0 0 1 5 % $ 5 0 , 0 0 1 - $ 7

Taxable incomeTax rate$0- $50,00015%$50,001- $75,00025%$75,001- $100,00034%$100,001- $335,00039%$335,001- $10,000,00034%$10,000,001- $15,000,00035%$15,000,001- $18,333,33338%$18,333,334 and above _35%
If a firm has taxable income of $17.5 million and a total tax bill of $6.1 million, its marginal tax rate is _______.
Multiple Choice
39%
15%
34%
38%
25%

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