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( Corporate income tax ) Sales for J . P . Hulett lnc . during the past year amounted to $ 4 . 1 million.
Corporate income tax Sales for J P Hulett lnc during the past year amounted to $ million. Gross profits totaled $ million, and operating and depreciation expenses were $ and $ respectively. Dividend income for the year was $ which was paid by a firm in which Hulett owns percent of the shares. Use the corporate tax rates shown in the popup window, to Comcute the corporation's tax liability. What are the firm's average and marginal tax rates?
The firm's tax liability for the year is $
Rgund to the nearest dollar.
Data table
tableTaxable Income,Marginal Tax Rate$$
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