A. The SGS Co. had $132700 in taxable income. Using the rates from the table below, calculate the company’s income taxes. What is the average tax rate? Enter your answer with 5 decimals (e.g. 0.12345). (If the table doesn't display, use Table 2.3 from page 32 in the book).
B. The SGS Co. had $250600 in taxable income. Using the rates from the table below, calculate the company’s income taxes. What is the marginal tax rate? Enter your answer with 2 decimals (e.g. 0.12). (If the table doesn't display, use Table 2.3 from page 32 in the book)