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 $640,000. The firm paid interest of $204,250 and its cash operating expenses were $101,000. Also, the firm received $41,000 in dividend income from a firm in which the firm owned 22% of the shares, while paying only $12,000 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?

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