Last year Sanderson, Inc had sales of $3.8 million. The firm's cost of goods sold came to $2.4 million its operating expenses excluding depreciation of $96,000 were $394,000, and the firm paid $155,000 in interest on its bank loans. Also, the corporation received $49,000 in dividend income from a company in which it owned less than 20 percent of its shares) but paid $29,000 in the form of dividends to its own common stockholders. Use the corporate tax rates shown in the popup window, to calculate the corporations liability. What are the firm's average and marginal tax rapes? The firm's tax lability for the year is $ (Round to the nearest dollar) Last year Sanderson, Inc had sales of $3.8 million. The firm's cost of goods sold came to $2.4 million its operating expenses excluding depreciation of $96,000 were $394,000, and the firm paid $155,000 in interest on its bank loans. Also, the corporation received $49,000 in dividend income from a company in which it owned less than 20 percent of its shares) but paid $29,000 in the form of dividends to its own common stockholders. Use the corporate tax rates shown in the popup window, to calculate the corporations liability. What are the firm's average and marginal tax rapes? The firm's tax lability for the year is $ (Round to the nearest dollar)