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( Corporate income tax ) G . R . Edwin Inc. had sales of $ 6 . 1 9 million during the past year. The

(Corporate income tax) G. R. Edwin Inc. had sales of $6.19 million during the past year. The cost of goods sold
amounted to $2.9 million. Operating expenses totaled $2.55 million, and interest expense was $27,000. Use the
corporate tax rates shown in the popup window, , to determine the firm's tax liability. What are the firm's
average and marginal tax rates?
The firm's tax liability for the year is $
(Round to the nearest dollar.)
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