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Corporate income tax ) Sales for J . P . Hulett Inc. during the past year amounted to $ 3 . 8 million. Gross profits
Corporate income taxSales for J P Hulett Inc. during the past year amounted to $ million. Gross profits totaled $ million and operating and depreciation expenses were $ comma and $ comma respectively. Dividend income for the year was $ comma which was paid by a firm in which Hulett owns percent of the shares. Use the corporate tax rates shown in the popup window, LOADING... to Comcute the corporation's tax liability. What are the firm's average and marginal tax rates?
Taxable Income Marginal Tax Rate
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Part
The firm's tax liability for the year is $
enter your response here. Round to the nearest dollar.
Part
The firm's average tax rate is
enter your response hereRound to two decimal places.
Part
The firm's marginal tax rate is
enter your response hereRound to the nearest integer.
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