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(Corporate income tax) The Robbins Corporation is an oll wholesaler. The firm's sales last year wore $1.02 million, with the cost of goods sold equal

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(Corporate income tax) The Robbins Corporation is an oll wholesaler. The firm's sales last year wore $1.02 million, with the cost of goods sold equal to $600,000. The firm paid interest of $219,250 and its cash operating expenses were $103,000. Asso, the firm received $41,000 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 $48,000. 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 lability for the year is $ (Rour The firm's average tax rate is \%. (Round to two decimal place table The firm's marginal tax rate is % (Round to the nearest integ

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