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(Corporate income tax) The Robbins Corporation is an oil wholesaler. The firm's sales last year were $1.09 million, with the cost of goods sold equal
(Corporate income tax) The Robbins Corporation is an oil wholesaler. The firm's sales last year were $1.09 million, with the cost of goods sold equal to $640,000. The firm paid interest of $242,000 and its cash operating expenses were $102,000. Also, the firm received $44,000 in dividend income 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.) Data table
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