Which one of the following statements related to taxes is correct?

Corporate Finance

Which one of the following statements related to taxes is correct?

The marginal tax rate must be equal to or lower than the average tax rate for a firm.
The tax for a firm is computed by multiplying the firm's current marginal tax rate times the taxable income go to practice material.
Given the corporate tax structure in 2008, the highest marginal tax rate is equal to the highest average tax rate.
The marginal tax rate for a firm can be either higher or lower than the average tax rate.

The following statements related to taxes is correct the marginal tax rate for a firm can be either higher or lower than the average tax rate.

Tags: Financial Statements, Taxes, and Cash Flow