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Corporate income tax) The Robbins Corporation is an oil wholosale. The firm's sales last year were $1.01 million, with the cost of goods sold equal

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Corporate income tax) The Robbins Corporation is an oil wholosale. The firm's sales last year were $1.01 million, with the cost of goods sold equal to $630,000 ho flem paid interest of 5179.250 and its cash operating expenses were $10,000. Also, the firm received $41.000 in dividend income from a firm in which the firm owned % of the shares while paying only $15.000 in dividends to its stockholders. Depreciation expense was $48,000. Use the corporate tax rates shown in the popup ndow, to compute the firm's tax liability. What are the firm's average and marginal tax rates? ha Robbins Corporation's tax liability for the year is $(Round to the nearest dollar) he firm's averago tax rate is 1% (Round to two decimal places.) ho firm's marginal tax rate is 1% (Round to the nearest integer) Data table 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% (Click on the icon in order to copy its contents into a spreadsheet.) Print Done Corporate income tax) The Robbins Corporation is an oil wholosale. The firm's sales last year were $1.01 million, with the cost of goods sold equal to $630,000 ho flem paid interest of 5179.250 and its cash operating expenses were $10,000. Also, the firm received $41.000 in dividend income from a firm in which the firm owned % of the shares while paying only $15.000 in dividends to its stockholders. Depreciation expense was $48,000. Use the corporate tax rates shown in the popup ndow, to compute the firm's tax liability. What are the firm's average and marginal tax rates? ha Robbins Corporation's tax liability for the year is $(Round to the nearest dollar) he firm's averago tax rate is 1% (Round to two decimal places.) ho firm's marginal tax rate is 1% (Round to the nearest integer) Data table 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% (Click on the icon in order to copy its contents into a spreadsheet.) Print Done

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