o P3-7 (similar to) Question Hop Corporate income tax) Se for. P. Huletting during the past year amounted to 55. milion Gross profs totaled 5102 million, and operating and demon expenses were $495.000 and $355.000 respectively. Divided income for the year was $10,000, which was paid by a firm in which uletwr 85 percent of the shore to the corporate tax ratos shown in the popup window to Compute the corporation's taxaby What are the fra average and marginates? That's tax liability for the year is $. (Round to the nearest dotar) Data Table Table income Marginal The 50-550.000 15 550.001 - $75,000 25% 575 001 - $100.000 54% $100,001 - 5305,000 135,001 - 510 000 000 310.000.00T-515.000.000 35% $15.000.001510332113 Over STB. 333.330 Har Print Done wes Score: 0 of 1 pt Question Help P3-7 (similar to) (Corporate income tax) Sales for J.P. Hulett Inc. during the past year amounted to $3.7 million. Gross profits totaled 51,02 million, and operating and depreciation expenses were $496,000 and $355,000, respectively. Dividend income for the year was $10,000, which was paid by a firm in which Hulett owns 85 percent of the shares. Use the corporate tax rates shown in the popup window. m to Comcute the corporatior's tax liability What are the firm's average and marginal tax rates? d: The firm's tax liability for the year is (Round to the nearest dollar.) re Data Table e Taxable income Marginal Tax Rate $0-$50,000 15% $50,001 - $75,000 25% $75,001 - $100,000 34% $100,001 - $335,000 39% $335,001 - $10,000,000 34% $10,000,001 - $15,000,000 35% $15,000,001 - $18,333,333 38% Over $18,333,333 35% Print Done ter your answer in the answer box and then click Che