What is the marginal tax rate for a corporation with $60,000 taxable income and an average tax rate of 16.67% if the next-lowest marginal tax rate of 15% covers taxable incomes up to $50,000?

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The marginal tax rate is the rate applied to the next dollar of income. Since the corporation's taxable income exceeds $50,000, it falls into the next tax bracket, which is 25%.

What Is the Marginal Tax Rate for a Corporation with $60,000