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(Corporate income tax) Last year Sanderson, Inc, had soles of $3.6 million. The firm's cont of goods sold came to $2.$ million, its operating expenses

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(Corporate income tax) Last year Sanderson, Inc, had soles of $3.6 million. The firm's cont of goods sold came to $2.$ million, its operating expenses excluding depreciation of 5105,000 were $406,000, and the firm paid $149,000 in interest on its bank loans. Also, the corporation received $50,000 in dividend income (from a coenpany in which it owned feus than 20 percent of its shares) but paid $20,000 in the form of dividends to is own common stockholders. Use the corperate tax rates shown in the popup window. to calculate the corporation's tax liability. What ate the firm's average and marginal tax rates? The firm's tax liability for the year is s (Round to the nearest dollar)

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