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( Corporate income tax ) The Robbins Corporation is an oil wholesaler. The firm's sales last year were $ 1 . 0 5 million, with
Corporate income tax The Robbins Corporation is an oil wholesaler. The firm's sales last year were $ million, with the cost of goods sold equal to $ The firm paid interest of $ and
its cash operating expenses were $ Also, the firm received $ in dividend income from a firm in which the firm owned of the shares, while paying only $ in dividends to its
stockholders. Depreciation expense was $ Use the corporate tax rates shown in the popup window, to compute the firm's tax liability. What are the firm's average and marginal tax rates?
Data table
The Robbins Corporation's tax liability for the year is $Round to the nearest dollar.
The firm's average tax rate is Round to two decimal places.
The firm's marginal tax rate is Round to the nearest integer.
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