1) the firms tax liability $

2) the firms average tax rate %

3) the firms marginal tax rate %

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Relyn Sanders & 90/2002 PM Homework: Chapter 3 Homework Sere Score: 0 of 1 pt 4 of 83 complete HW Score: 35%, 3 of 8 pts P3-7 (similar to) Festion Help Corporate income tax) Sales for J.P. Huelt in during the past year amounted to 54.2 milion Gross profesored $1.00 milion, and operating and depreciation expers were $487800 and $35.000 espectively Dividend income torte year was $13,000, which was paid by a firm in which Hun owns 85 percent of the shores. Use the corporate tax as shown in the popup window to Comcute the corporations taxaby What are there's and marginal The firm's tax bity for the years (Round to the nearest dolar) Data Table Marginal Tax Rate 159 Taxable income 50-500D $50.001 - 575.000 $75.001 - 30000 $100001355.000 $335.001 - 510 000 000 $10.000.001 - 515.000.000 $15.000001 - 518 3333 Over $18.333.333 34 300 Print Done 2 Enter your answer in the answer box and then click Check Answer -Clear All 2 parts remaining G Search or type URL esc 0 $ 4 % 5 7 8 6 Y T U Y P Score: 0 of 1 pt 4 of 8 (3 complete) HW Score: 37.5%, 3 of 8 p 3-7 (similar to) Question Help (Corporate income tax) Sales for J. P. Hulett Inc. during the past year amounted to $4.2 million. Gross profits totaled $1.02 million, and operating and depreciation expenses were $497,000 and $346,000, respectively. Dividend income for the year was $13,000, which was paid by a firm in which Hulett owns 85 percent of the shares. Use the corporate tax rates shown in the popup window, to Comcute the corporation's tax liability. What are the firm's average and marginal tax rates? The firm's tax liability for the year is $. (Round to the nearest dollar.) Data Table Taxable income Marginal Tax Rate $0-$50,000 15% $50,001 - $75,000 25% $75,001 - $100.000 34% $100,001 - $335.000 39% $335,001 - $10,000,000 34% $10,000,001 - $15,000,000 35% $15,000,001 - $18,333,333 38% Over $18,333,333 35% Print Done Enter your answe 2 Clear All Check Answer parts remaining esc E G Search or type