(Corporate income tax) Sales for J. P. Hulett Inc, during the past year amounted to $3.9 million. Gross profits totaled $1.03 million, and operating and depreciation expenses were $495.000 and $346.000, respectively. Dividend income for the year was $14,000 which was paid by a firm in which Hulett owns 85 percent of the shares. Use the corporate tax rates shown in the popup window. I to Comcute the corporation's tax liability What are the firm's average and marginal tax rdvas? The firm's tax liability for the year is (Round to the nearest dollar.) :) Sales for J. P. Hulett Inc. during the past year nd operating and depreciation expenses were $495,000 and $346 e year was $14.000, which was paid by a firm in which Hulett owhe ta Table Taxable income Marginal Tax Rate $0 - $50.000 15% $50,001 - $75,000 25% $75,001 - $100.000 34% $100.001 - $335.000 39% $335,001 - $10.000.000 34% $10.000,001 - $15.000.000 35% $15.000.001 - $18,333,333 38% Over $18.333.333 35% Print Done were box and then click Check