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(Comorate income tax) Sales for J. P. Huleft inc during the past year athounted to $4,0 mithon. Gross profts totaled $1,00 mition, and cperating and

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(Comorate income tax) Sales for J. P. Huleft inc during the past year athounted to $4,0 mithon. Gross profts totaled $1,00 mition, and cperating and depreciation expenses were $500,000 and $150,000, respectively. Dividend income for the year was $12,000, which was paid by a firm in which Hulett owns as percent of the shares. Use the corporate tax rates shown in the popup window, it Comate the corporation's tax labily. What are the firmis averyge and marginal tax mes? The trmis tax labuy sor he year is 3 (Round to the nearest dolar) Data table

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