G.R Edwin Inc had sales of $5.94 million during the past year. The cost of goods sold amounted to 2.6 million. Operating expensed totaled 2.51 million, and interest expense was $28,000. Use the corpate tax rates in the picture below to determine the firms liability. what are the firms average and marginal tax rates?

The firms tax liability for the year is $________

the firms average tax rate is ______%

the firms marginal tax rate is ______%

\begin{tabular}{l|l} Taxable Income & \multicolumn{2}{l}{ Marginal Tax Rate } \\ \hline$0$50,000 & 15% \\ \hline$50,001$75,000 & 25% \\ \hline$75,001$100,000 & 34% \\ \hline$100,001$335,000 & 39% \\ \hline$335,001$10,000,000 & 34% \\ \hline$10,000,001$15,000,000 & 35% \\ \hline$15,000,001$18,3$3,333 & 38% \\ \hline Over $18,333,333 & 35% \\ \hline \end{tabular}