Corporate income tax) Sales for J.P. Huletting during the past year amounted to $3.7 million Gross profits totaled $1.04 million, and operating and depreciation penses were $496,000 and $340,000, respectively. Dividend income for the year was 511,000, which was paid by a firm in which Hulett owns 85 percent of the shares be the corporate tax rates shown in the popup Window..to Comcute the corporation's tax inbility What are the firm's average and marginal tax rates? he firm's tax ilability for the year is $(Round to the nearest dollar) po firm's average tax rate is % (Round to wo decimal places.) he firm's marginal tax rate is % (Round to the nearest integer) Data 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% (Click on the icon in order to copy its contents into a spreadsheet.) Print Done