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ap (Corporate income tax) Sales for J.P. Hulett Inc. during the past year amounted to 544 milion. Gross profts totaled $1.07 million and operating and

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ap (Corporate income tax) Sales for J.P. Hulett Inc. during the past year amounted to 544 milion. Gross profts totaled $1.07 million and operating and depreciation expenses were $498,000 and $348,000, 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 Comoute the corporation's tax labilityWhat are the firm's average and marginal tax rates? The firm's tax tability for the year is $(Round to the nearest dollar) Data Table 3 son ) Taxable income Marginal Tax Rate 50-550,000 15% $50.001 - $75,000 25% $75,001 - 5100,000 $100.001 - $335,000 30% $335.001 - 510,000,000 34% $10.000.001 - 515.000.00 35% $15.000.001 - 518.333.333 39% Over $18.333.333 35% Print Done Enter your answer in the answer box and then click Check Antwer 2 2 parte

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