(Corporate income tax) The Robbins Corporation is an oil wholesaler. The firm's sales last year were $1.05 million, with the cost of goods sold equal to $620,000. The firm paid interest of $221,000 and its cash operating expenses were $100,000. Also, the firm received $44,000 in dividend income from a firm in which the firm owned 22% of the shares, while paying only $13,000 in dividends to its stockholders. Depreciation expense was $52,000. 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? The Robbins Corporation's tax liability for the year is $ (Round to the nearest dollar.) The firm's average tax rate is 1%. (Round to two decimal places.) X i Data Table The firm's marginal tax rate is %. (Round to the nearest integer.) 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