What is the relationship between the taxable earnings

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Question - Marginal corporate tax rates

The 2009-2013 taxable earnings of Peter & Son Plumbers were $57,000, $64,000, $66,500, $75,250, and $79,350, respectively. Use the tax schedules presented in Table 2.1 to answer the following questions:

a. What is the relationship between the tax liability and the marginal tax rate over the five-year period?

b. What is the relationship between the taxable earnings and the marginal tax rate for the 2009-2013 taxable earnings?

Reference no: EM132178359

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