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( Corporate income tax ) G . R . Edwin Inc. had sales of $ 5 . 8 5 million during the past year. The

(Corporate income tax) G. R. Edwin Inc. had sales of $5.85 million
during the past year. The cost of goods sold amounted to $2.6 million.
Operating expenses totaled $2.58 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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