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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)$575,000
Less: Cost of goods sold219,000
Gross profits$356,000
Less: Other operating expenses94,000
EBITDA$262,000
Less: Depreciation and amortization15,400
EBIT$246,600
Less: Interest81,000
EBT$165,600
Less: Taxes
Net income$

Determine the firm's 2021 tax liability.

Determine the firm's 2021 net income.

Determine the firm's 2021 average tax rate.

Determine the firm's 2021 marginal tax rate.

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