Similar to) (Corporate Income tax) Sales for J. P. Hulettino, during the past year amounted to $42 million. Gross profits totaled $1.04 million, and operating and depreciation expenses were $502,000 and $340,000, respectively. Dividend income for the year was $11,000, 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. I to Comcute the corporation's tax liability. What are the firm's average and marginal tax rates? The firm's tax liability for the year is s (Round to the nearest dollar) - Data Table Taxable incomo 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% Enter your answer in the answer box and the Print Done 2 parts remaining A