Compute the total tax liability, the average tax rate, and the marginal tax rate for the following corporation: $1,000,000 in taxable income; 15 percent tax up to $50,000, 25 percent up to $75,000, 34 percent up to $100,000, and 39 percent over $100,000.

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The Answer of Compute the total tax liability, the average tax rate, and the marginal tax rate for the following corporation: $1,000,000 in taxable income; 15 percent tax up to $50,000, 25 percent up to $75,000, 34 percent up to $100,000, and 39 percent over $100,000.

Compute the Total Tax Liability, the Average Tax Rate, and the Marginal