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Sales for J . P . Hulett Inc. during the past year amounted to $ 3 . 6 million. Gross profits totaled $ 1 .
Sales for J P Hulett Inc. during the past year amounted to $ million. Gross profits totaled $ million, and operating and depreciation expenses were $ and $ respectively. Dividend income for the year was $ which was paid by a firm in which Hulett owns 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?
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