Question: use excel function to solve this A corporation's pretax net income of $1,300,000 is taxable based on 12% of the first $300,000, 17% of the

use excel function to solve this

A corporation's pretax net income of $1,300,000 is taxable based on 12% of the first $300,000, 17% of the next $500,000, and 24% of the balance:

What is the corporation's average tax rate?

What is the corporation's marginal tax rate?

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