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% tax up to $50,000,25% up to $75,000,34% up to $100,000,39% 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% tax up to $50,000,25% up to $75,000,34% up to $100,000,39% over $100,000.

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