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ore: 0 of 1 pt 3-5 (similar to) Question Help Corporate Income tax) Last year Sanderson, Inc had sales of $39 million. The firm's cost
ore: 0 of 1 pt 3-5 (similar to) Question Help Corporate Income tax) Last year Sanderson, Inc had sales of $39 million. The firm's cost of rods sold came to $2.5 million, its operating expenses edading depreciation of S105,000 were $391,000, and the firm paid 148.000 in interest on k bank loans. Also, the corporation received 548.000 individend income from a company in which it owned less than 20 percent of its shares) but paid 520,000 in the form of dividends to its own common ockholders. Use the corporate tax rates shown in the popup window, to calculate the corporation's tax liability What are the firm's average and marginal tax rates? The fer's tax liability for the year is (Round to the nearest dollar) Data Table 0 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% swe
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