(Corporate income tax)The Robbins Corporation is an oil wholesaler. The firm's sales last year were 1.08 million, with the cost of goods sold equal to 640000. The firm paid interest of 234250 and its cash operating expenses were 104000. Also, the firm received 45000 in dividend income from a firm in which the firm owned 22% of the shares, while paying only 12000 in dividends to its stockholders. Depreciation expense was 50000 . Use the corporate tax rates shown in the popup window,

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% LOADING..., to compute the firm's tax liability. What are the firm's average and marginal tax rates? The Robbins Corporation's tax liability for the year is $