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Corporate Income tax) G. R. Edwin Inc. had sales of $6.11 milion during the past year. The cost of goods sold amounted to $2.5 milion.

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Corporate Income tax) G. R. Edwin Inc. had sales of $6.11 milion during the past year. The cost of goods sold amounted to $2.5 milion. Operating expenses totaled $2,59 million, and interest expense was $23,000. 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 Viability for the year is $ (Round to the nearest dollar) The firm's average tax rate is % (Round to two decimal places.) ts The firm's marginal tax rate is % (Round to the nearest integer) gnm 5 m come tax) G. R. Edwi million, and interest exp age and marginal tax i Data Table 5 million. Operating ex pe the firm's tax liability liability for the year is erage tax rate is 1%. Marginal Tax Rate 15% 25% 34% marginal tax rate is 1%. Taxable income $0 - $50,000 $50,001 - $75,000 $75,001 - $100,000 $100,001 - $335,000 $335,001 - $10,000,000 $10,000,001 - $15,000,000 $15,000,001 - $18,333,333 Over $18,333,333 39% 34% 35% 38% 35% Print Done] answer inch of the art

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