Marginal corporate tax rates
a. Find the marginal tax rate for the following levels of corporate earnings before? taxes: $14,900?; $61,000?; $89,100?; $196,000?; $404,000?; $1.6 ?million; and $19.7 million.
b. Plot the marginal tax rates? (measured on the y? axis) against the pretax income levels? (measured on the x? axis). Explain the relationship between these variables.
The total taxes due for earnings before taxes of $14,900 is ?$