Problem $2-7$ Corporate Taxes $($LG$2-3)$

Hunt Taxidermy, Incorporated, is concerned about the taxes pald by the company. In addition to $$18\mathrm{.}1$ million of taxable income, the firm

recelved $$1,625,000$ of interest on state$-$Issued bonds and $$1,810,000$ of dividends on common stock it owns in Oakdale Fashions,

Incorporated. $($Use corporate tax rate of $21$ percent for your calculations.$)$

Calculate Hunt Taxidermy's tax Ilability.

Note: Enter your answer In dollars not In millions.

Answer is complete but not entirely correct.

Calculate Hunt Taxidermy's average tax rate.

Answer is complete but not entirely correct.

Calculate Hunt Taxidermy's marginal tax rate.

Answer is complete but not entirely correct.