Friday, 8 September 2017

Using the corporate tax rate schedule given here ​, perform the​ following

Using the corporate tax rate schedule given here ​, perform the​ following:
a. Calculate the tax​ liability, after-tax​ earnings, and average tax rates for the following levels of corporate earnings before​ taxes: $ 7 comma 500$7,500​; $ 80 comma 000$80,000​; $ 298 comma 000$298,000​; $ 496 comma 000$496,000​; $ 1.6$1.6 ​million; $ 9.4$9.4 ​million; and $ 19.6$19.6 million.


b. Plot the average tax rates​ (measured on the y​ axis) against the pretax income levels​ (measured on the x​ axis). What generalization can be made concerning the relationship between these​ variables?


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