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(Corporate income tax) Salos for J.P. Hulett Inc, during the past year amounted to $4.3 million. Gross profits fotaled $1.04 million, and operating and depreciation

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(Corporate income tax) Salos for J.P. Hulett Inc, during the past year amounted to $4.3 million. Gross profits fotaled $1.04 million, and operating and depreciation expenses wore $10,000 and $341,000, respectively. Dividend income for the yoar was $13,000, which was pald by a firm in which Hulett cwns 85 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 liabilty for the year is $ (Round to the nearest dollar.) Data table

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