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( Corporate income tax ) Last year Sanderson, Inc. had sales of $ 3 . 6 million. The firm's cost of goods sold came to

(Corporate income tax) Last year Sanderson, Inc. had sales of $3.6 million. The firm's cost of goods sold came to
$2.4 million, its operating expenses excluding depreciation of $99,000 were $396,000, and the firm paid $148,000 in
interest on its bank loans. Also, the corporation received $45,000 in dividend income (from a company in which it
owned less than 20 percent of its shares) but paid $27,000 in the form of dividends to its own common
stockholders. Use the corporate tax rates shown in the popup window, , to calculate the corporation's tax
liability. What are the firm's average and marginal tax rates?
ata table
the icon b in order to copy its contents into a spreadsheet.)
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