Sales for J$.$ P$.$ Hulett Inc. during the past year amounted to $$3\mathrm{.}6$ million. Gross profits totaled $$1\mathrm{.}01$ million, and operating and depreciation expenses were $$505,000$ and $$354,000,$ respectively. Dividend income for the year was $$14,000,$ which was paid by a firm in which Hulett owns $85$ percent of the shares. Use the corporate tax rates shown in the popup window,

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to Comcute the corporation's tax liability. What are the firm's average and marginal tax rates?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$

$35\%$