last year, Sanderson, Inc. Had sales of 3.6 million. The firms cost of goods sold came to 2.3 million is operating expenses excluding depreciation of 96,000 were 406,000 and the firm paid 149,000 in interest on its bank loans. Also, the corporation received 55,000 in dividend income (from a company in which it old less than 20% of its shares) but paid 22,000 in a form of dividends to its own common stockholders. Use the corporate tax rates in the picture shown below.

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 & 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$18,333,333 & 38% \\ \hline Over $18,333,333 & 35% \\ \hline \end{tabular}