(Corporate Income tax) Last year Sanderson, Inc. had sales of $3,1 million. The femi's cost of goods sold came to $2.1 million, its operating expenses excluding depreciation of 509,000 were $400.000, and the firm paid $155,000 in interest on its bank loans. Also, the corporation received $53,000 in dividend income (from a company in which it owned less than 20 percent of its share) but paid $30,000 in the form of dividends to its own common stockholders. Use the corporate tax rates shown in the popup window, pga. to calculate the sections tax tablity. What are the firm's ergo and marginal tax ratos? The firm's tax liability for the year in Data Table Taxable income Marginal Tax Rate $0-$50.000 15% $50,001 - 575,000 25% $75,001 - $100,000 34% $100,001 - $335.000 39% 5335,001 - $10,000,000 349 $10,000,001 - 515,000,000 35% $15,000.001 - $18,333,333 38% Over $18,333 333 35% Print Done Enter your answer in the answer box and then click Check