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(Corporate income tax) Last year Sanderson, Inc, had sales of $3.4 milion. The firm's cost of goods sold came to $2.2 million, its operating expenses

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(Corporate income tax) Last year Sanderson, Inc, had sales of $3.4 milion. The firm's cost of goods sold came to $2.2 million, its operating expenses excluding depreciation of $104,000 were $408,000, and the firm paid $151,000 in interest on its bank loans. Also, the corporation received $55,000 in dividend incorne (ficm a company in which it owned less than 20 percent of its shares) but paid $22,000 in the form of dividends to its own common stockholders. Use the corporafe tax rate; shown in the popup window, , to calculate the corporation'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.) The firm's average tax rate is \%. (Round to two decimal placess.) The firm's marginal tax rate is %. (Round to the nearest integer.)

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