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(Corporate income tax) G. R. Edwin Inc, had sales of $6,04 million during the past year. The cost of goods sold amounted to $2.7 million.

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(Corporate income tax) G. R. Edwin Inc, had sales of $6,04 million during the past year. The cost of goods sold amounted to $2.7 million. Operating exponses totaled $2.59 milion, and interest expense was $27,000. Use the corporate tax rates shown in the popup window, , to determine the firm's tax liabiity, What are tho firmis average and marginal tax rales? The firr's tax liability for the year is $ (Round to the nearest dollar.) The firm's average tax rate is \%. (Round to two docimal places.) The firm's marginal tax rate is W. (Round to the nearest integec) (Click Cm mo wu m in order to copy its contents into a spreadsheet.)

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