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ar Sanderson, Inc. had sales of $3.7 million. The fim's cost of goods sold came to $2.4 million, its operating expenses excluding (orporate tncom 0re998
ar Sanderson, Inc. had sales of $3.7 million. The fim's cost of goods sold came to $2.4 million, its operating expenses excluding (orporate tncom 0re998 00, and the lm paid $150.,00 in interest on ts bank loans, Akso,the corporation recaived $530 in ndend income (trom a company in which it owned less than 20 percent of its shares) but paid $23,000 in the form of dividends to its own common stockholders. Use the c shown in the popup window to calculate the corporation's tax liability What are the firm's average and marginal tax rates? tax) Last ye The firm's tax liability for the year is S(Round to the nearest dollar.)
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