Corporate Taxes Hunt Taxidermy, Inc., is concerned about the taxes paid by the company in 2012. In

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Corporate Taxes Hunt Taxidermy, Inc., is concerned about the taxes paid by the company in 2012. In addition to $42.4 million of taxable income, the firm received $2,975,000 of interest on state-issued bonds and $1,000,000 of dividends on common stock it owns in Oakdale Fashions, Inc. Calculate Hunt Taxidermy's tax liability, average tax rate, and mar- ginal tax rate. (LG3)

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