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Data table (Corporate income tax) The Robbins Corporation is an oil wholesaler. The firm's sales last year were $1.04 million, with the cost of goods

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Data table (Corporate income tax) The Robbins Corporation is an oil wholesaler. The firm's sales last year were $1.04 million, with the cost of goods sold equal to $610,000. The firm paid interest of $221,000 and its cash operating expenses were $105,000. Also, the firm received $44,000 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 $52,000. Use the corporate tax rates shown in the popup window, E\#. 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 $ (Round to the nearest dollar.)

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