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A company has $13,500,000 in taxable income. Consider the following corporate marginal tax rates: What...

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Accounting

A company has $13,500,000 in taxable income. Consider the following corporate marginal tax rates:

What is the marginal rate for the company?

Taxable income ($) Tax rate
0- 50,000 15%
50,001- 75,000 25%
75,001- 100,000 34%
100,001- 335,000 39%
335,001- 10,000,000 34%
10,000,001- 15,000,000 35%
15,000,001- 18,333,333 38%
18,333,334+ 35%

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