Lab Assignment K (Corporate income tax) G. R. Edwin Inc. had sales of $6.12 million during the past year. The cost of goods sold amounted to $2.5 million. Operating expenses totaled $2.48 million, and interest expense was $24,000. Use the corporate tax rates shown in the popup window,, to determine the firm's tax liability. What are the firm's average and marginal tax rates? Data Table The firm's tax liability fo Data table Taxable Income $0-$50,000 Part 1 of 3 $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 Print ... Marginal Tax Rate 15% 25% 34% 39% 34% 35% 38% Over $18,333,333 35% (Click on the icon in order to copy its contents into a spreadsheet.) Done X

erpentep nos 424000. Use the corporite tsx rates shown is the popup window , to detecthine the frmis tax labilly What are the frm's averege and marginal tax rates? The fams tex ilwoder fo Data table