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(Corporate income tax) Last year Sanderson, Inc. had sales of $39 million. The firm's cost of goods sold came to 26 milioni perating experses excluding

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(Corporate income tax) Last year Sanderson, Inc. had sales of $39 million. The firm's cost of goods sold came to 26 milioni perating experses excluding depreciation of 596,000 wore $401.000. and the form paid $146.000 inimest on its bank loansAlso, the corporation received $46,000 in dividend income from a company in which it owned eos than 20 percent of is share) but paid 50,000 in the form of dividends to its own common stockholders. Use the corporate tax rates shown in the pool window. m. to calculate the corporation's tax lability. What are the firm's average and marginal tox Thu fris tax liability for the year is (Round to the nearest doar Data Tables Taxable income Marginal Tax Rate 50-550.000 15% $50,001 - 375,000 20% S757001 - 5100,000 $100.001 - $335.000 31 $335.001 - 510.000/000 50 $10,000,001-516.000.000 $16.000,001-518.333,333 33% Over $18.333,333 35 Done

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