Click here to read the eBook: The Income Statement INCOME STATEMENT Patterson Brothers recently reported an EBITDA of $7.5 million and net income of $1.2 million. It had $2.0 million of interest expense, and its corporate tax rate was 40%. What was its charge for depreciation and amortization? Write out your answer completely. For example, 25 million should be entered :: That's Incorrect answer to the nearest dollar, if necessary. Do not round intermediate calculations. Click here to read the eBook: Income Taxes PERSONAL TAXES Susan and Stan Britton are a married couple who file a joint income tax return, where the tax rates are based on the tax table 3.5. Assume that their taxable income this year was $335,000. Round your answers to two decimal places. a. What is their federal tax liability? b. What is their marginal tax rate? % c. What is their average tax rate? %%