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Hunters Inc. has reported sales of $ 5 . 5 0 million. The gross profit has been declared at $ 3 . 5 0 million.

Hunters Inc. has reported sales of $ 5.50 million. The gross profit has been declared at $ 3.50 million. They also reported operating expenses including depreciation of $ 1.20 million and paid $ 400,000 interest on its bank loans. It also received $ 60,000 in dividends from a company where it owns less than 20 percent shares. It has also declared dividends of $ 25,000 for its own common shareholders. Calculate the firms corporations tax liability, marginal tax rate, and average tax rate.

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