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Data table Marginal Tax Rate Taxable Income $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

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Data table Marginal Tax Rate Taxable Income $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% 35% Over $18,333,333 (Click on the icon in order to copy its contents into a spreadsheet.) (Corporate income tax) Sales for J. P. Hulett Inc. during the past year amounted to $4.4 million. Gross profits totaled $1.01 million, and operating and depreciation expenses were $502,000 and $345,000, respectively. Dividend income for the year was $11,000, which was paid by a firm in which Hulett owns 85 percent of the shares. Use the to Comcute the corporation's tax liability. What are the firm's corporate tax rates shown in the popup window, average and marginal tax rates? The firm's tax liability for the year is $ 46,820. (Round to the nearest dollar.) The firm's average tax rate is 28.72 %. (Round to two decimal places.) The firm's marginal tax rate is %. (Round to the nearest integer.)

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