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What would be the marginal and average tax rates for a corporation with an income level...

What would be the marginal and average tax rates for a corporation with an income level of $90,000? (Do not round intermediate calculations. Enter the marginal tax rate as a whole percent. Enter the average tax rate as a percent rounded to 2 decimal places.)

Single Taxpayers    Tax rate %

$0-$9,525 10

9526-38700    12

38701-82500 22

82501-157500    24

157501-200000 32

200001-500000 35

500001 and above    37

Business   Accounting   
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Single Taxpayers

Tax rate %

Amount

Tax amount(Amount *Tax rate)

$0-$9,525

10%

9,525

952.5

$9526-$38700

12%

29,175(38700-9525)

3501

$38701-$82500

22%

43,800(82500-38700)

9636

$82501-$157500

24%

7,500(90000-82500)

1800

Total

90,000

15889.5

Marginal rates are

Amount

Cumulative Tax amount

Marginal tax rates%

9,525

952.5

10

29,175(38700-9525)

4453.5(3501+952.5)

11.50

43,800(82500-38700)

14090.5(4453.5+9636)

17.08

7,500(90000-82500)

15889.5(14090.5+1800)

17.66

Average tax rate is

Total Taxes/Total Income= 15889.5/90000= 17.66%

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