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Sales for J . P . Hulett Inc. during the past year amounted to $ 3 . 8 million. Gross profits totaled $ 1 .

Sales for J. P. Hulett Inc. during the past year amounted to $ 3.8 million. Gross profits totaled $ 1.02million, and operating and depreciation expenses were $ 503 comma 000 and $ 346 comma 000, respectively. Dividend income for the year was $ 11 comma 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, LOADING..., to Comcute the corporation's tax liability. What are the firm's average and marginal tax rates?Taxable Income Marginal Tax Rate
$0-$50,00015%
$50,001-$75,00025%
$75,001-$100,00034%
$100,001-$335,00039%
$335,001-$10,000,00034%
$10,000,001-$15,000,00035%
$15,000,001-$18,333,33338%
Over $18,333,33335%The firm's tax liability for the year is $
enter your response here. (Round to the nearest dollar.)
Part 2
The firm's average tax rate is
enter your response here%.(Round to two decimal places.)
Part 3
The firm's marginal tax rate is
enter your response here%.(Round to the nearest integer.)

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