ABX Corporation had a taxable income of $365,000 from operations after all operating costs but before (1) interest charges of $50,000, (2) dividends received of $15,000, (3) dividends paid of $25,000, and (4) income taxes. (Note: ABC Corporation owns less than 20% of the company paying them the dividends).

What are the firm's income tax liability and its after-tax income?

What are the company's marginal and average tax rates on taxable income?