(Corporate income tax) Last year Sanderson, Inc had sales of $3 9 million The firm's cost of goods sold came to $2 5 million, its operating expenses excluding depreciation of $98,000 were $402,000, and the firm paid $155,000 in interest on its bank loans Also, the corporation received $47,000 in dividend income (from a company in which it owned less than 20 percent of its shares) but paid $24,000 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 The firm's tax liability for the year is $ The firm's average tax rate is (Round to two decimal places ) The firm's marginal tax rate is (Round to the nearest integer ) (Round to the nearest dollar ) K (Corporate income tax) Last year Sanderson, Inc had sales of $3 9 million The firm's cost of goods soid came to $2 5 miltion, its operating expenses excluding depreciation of $98,000 were $402,000, and the firm paid $155,000 in interest on its bank loans Asso, the corporation recelved $47,000 in dividend income (front i company in which it owned less than 20 percent of its shares) but paid $24,000 in the form of dividends to its own common stockholders Use the corporate tax rafes shown in the popup window, , to calculate the corporation's tax liabulty What are the firm's average and marginal tax rates The firm's tax liability for the year is s (Round to the nearest dollar ) The firm's average tax rate is (Round to two decimal places ) The firm's marginal tax rate is (Round to the nearest integer )

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(Corporate income tax) Last year Sanderson, Inc  had sales of $3 9 million  The firm's cost of goods sold came to $2 5 million, its operating expenses excluding depreciation of $98,000 were $402,000, and the firm paid $155,000 in interest on its bank loans  Also, the corporation received $47,000 in dividend income (from a company in which it owned less than 20 percent of its shares) but paid $24,000 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  The firm's tax liability for the year is $ The firm's average tax rate is    (Round to two decimal places ) The firm's marginal tax rate is   (Round to the nearest integer ) (Round to the nearest dollar ) K (Corporate income tax) Last year Sanderson, Inc  had sales of $3 9 million  The firm's cost of goods soid came to $2 5 miltion, its operating expenses excluding depreciation of $98,000 were $402,000, and the firm paid $155,000 in interest on its bank loans  Asso, the corporation recelved $47,000 in dividend income (front i  company in which it owned less than 20 percent of its shares) but paid $24,000 in the form of dividends to its own common stockholders  Use the corporate tax rafes shown in the popup window, , to calculate the corporation's tax liabulty  What are the firm's average and marginal tax rates  The firm's tax liability for the year is s (Round to the nearest dollar ) The firm's average tax rate is     (Round to two decimal places ) The firm's marginal tax rate is     (Round to the nearest integer )

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(Corporate income tax) Last year Sanderson, Inc. had sales of $3.9 million. The firm's cost of goods sold came to $2.5 million, its operating expenses

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