rporate income tax$)$ The Robbins Corporation is an oil wholesaler. The firm's sales last year were $$1\mathrm{.}02$ million, with the cost of goods sold equal to $$620,000.$ The firm paic rest of $$196,000$ and its cash operating expenses were $$101,000.$ Also, the firm received $$40,000$ in dividend income from a firm in which the firm owned $22\%$ of the shares, $n$ ing only $$14,000$ in dividends to its stockholders. Depreciation expense was $$50,000.$ Use the corporate tax rates shown in the popup window, ility. What are the firm's average and marginal tax rates?

Robbins Corporation's tax liability for the year is $

$($Round to the nearest dollar.$)$

Data table

$\backslash$table$[[$Taxable Income,Marginal Tax Rate$],[$$$0-$$$50,000,15\%$