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Oakdale Fashions, Inc.s, 2021 income statement is reported below. (Use corporate tax rate of 21 percent for your calculations.) Oakdale Fashions, Inc., Income Statement for

Oakdale Fashions, Inc.s, 2021 income statement is reported below. (Use corporate tax rate of 21 percent for your calculations.)

Oakdale Fashions, Inc., Income Statement for 2021
Net sales (all credit) $ 585,000
Less: Cost of goods sold 223,000
Gross profits $ 362,000
Less: Other operating expenses 98,000
EBITDA $ 264,000
Less: Depreciation and amortization 15,800
EBIT $ 248,200
Less: Interest 82,000
EBT $ 166,200
Less: Taxes
Net income $

Determine the firm's 2021 tax liability.

Determine the firm's 2021 net income.

Determine the firm's 2021 average tax rate. (Round your answer to 2 decimal places.)

Determine the firm's 2021 marginal tax rate.

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