Deco Corporation had $700,000 in revenues last year in the form of sales. The firm also received interest income of $45,000. If the firm had operating expenses of $550,000 and a depreciation expense of $60,000, calculate the firm's taxable income.

Taxable Corporate Income tm

$ 0-50,000 15%

50,000-75,000 25%

75,000-100,000 34%

100,000-335,000 39%

335,000 and up 34%

Deco's marginal tax rate is?

Deco's tax liability is?

Deco's average tax rate is?