What are the firms average and marginal taxes

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Corporate income tax/ Meyer Inc has taxable income (earnings before taxes) of 300,000. Calcualte Meyer's federal income tax liability using the tax table . What are the firm's average and marginal taxes?

Taxabale Income        Marginal Tax Rate

0-$50,000                   15%

$50,001-$75,000         25%

$75,001-$100,000        34%

$100,000-$335,000     39%

$335,000-$10,000,000   34%

$10,000,001-$15,000,000 35%

$15,000,001-$18,333,333   38%

Over $18,333,333            35%

Reference no: EM13829399

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