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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 taxLast year Sanderson, Inc. had sales of $ million. The firm's cost of goods sold came to $ million its operating expenses excluding depreciation of $ comma were $ comma and the firm paid $ comma in interest on its bank loans. Also, the corporation received $ comma in dividend incomefrom a company in which it owned less than percent of its shares but paid $ comma in the form of dividends to its own common stockholders. Use the corporate tax rates shown in the popup window, LOADING... to calculate the corporation's tax liability. What are the firm's average and marginal tax rates?
Corporate income taxLast year Sanderson, Inc. had sales of $ million. The firm's cost of goods sold came to $ million its operating expenses excluding depreciation of $ comma were $ comma and the firm paid $ comma in interest on its bank loans. Also, the corporation received $ comma in dividend incomefrom a company in which it owned less than percent of its shares but paid $ comma in the form of dividends to its own common stockholders. Use the corporate tax rates shown in the popup window, LOADING... to calculate the corporation's tax liability. What are the firm's average and marginal tax rates?
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