Hunt Taxidermy, Inc., is concerned about the taxes paid by the company in 2015. In addition to $42.3 million of taxable income, the firm received $2,995,000 of interest on state-issued bonds and $1,400,000 of dividends on common stock it owns in Oakdale Fashions, Inc. (Use Table 2.3)

Calculate Hunt Taxidermys tax liability. (Enter your answer in dollars not in millions. Round your answer to the nearest dollar amount.)

Tax liability

Calculate Hunt Taxidermys average tax rate.

Average tax rate

Calculate Hunt Taxidermys marginal tax rate.

Marginal tax rate

table 2.3 Corporate Tax Rates as of 2015 Pay this Amount on Base Income Plus this Percentage on Anything Over the Base Taxable Income $0-$50,000 $50,001-$75,000 $75,001-$100,000 $100,001-$335,000 $335,001-$10,000,000 $10,000,001-$15,000,000 $15,000,001-$18,333,333 Over $18,333,333 15% 25 34 39 7,500 13,750 22,250 113,900 3,400,000 5,150,000 6,416,667 35 38 35