(Corporate income tax)Last year Sanderson, Inc. had sales of

$3.1

million. The firm's cost of goods sold came to

$2.0

million, its operating expenses excluding depreciation of

$104,000

were

$394,000,

and the firm paid

$147,000

in interest on its bank loans. Also, the corporation received

$51,000

in dividend income (from a company in which it owned less than

20

percent of its shares) but paid

$20,000

in the form of dividends to its own common stockholders. Use the corporate tax rates shown in the popup window,

LOADING...

, to calculate the corporation's tax liability. What are the firm's average and marginal tax rates?

The firm's tax liability for the year is

$nothing.

(Round to the nearest dollar.)The firm's average tax rate is

nothing%.

(Round to two decimal places.)The firm's marginal tax rate is

nothing%.

(Round to the nearest integer.)