4 of 8 (0 complete) new Score: 0 of 1 pt nges m P3-7 (similar to) HW Score: 0%, 0 of 8 p Question Help (Corporate income tax) Sales for J. P. Hulett Inc. during the past year amounted to $4.1 million. Gross profits totaled $1.02 million, and operating and depreciation expenses were $510,000 and $356,000, respectively. Dividend income for the year was $11,000, 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.) orked: nt Score: pts: Qu uestion 1 Question 5 Enter your answer in the answer box and then click Check Answer. parts 2 romaning 435PDA M de Matement 4 of 8 (0 complete) new Score: 0 of 1 pt nges m P3-7 (similar to) HW Score: 0%, 0 of 8 p Question Help (Corporate income tax) Sales for J. P. Hulett Inc. during the past year amounted to $4.1 million. Gross profits totaled $1.02 million, and operating and depreciation expenses were $510,000 and $356,000, respectively. Dividend income for the year was $11,000, 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.) orked: nt Score: pts: Qu uestion 1 Question 5 Enter your answer in the answer box and then click Check Answer. parts 2 romaning 435PDA M de Matement