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table [ [ Taxable Income,Marginal Tax Rate ] , [ $ 0 - $ 5 0 , 0 0 0 , 1 5 %
tableTaxable Income,Marginal Tax Rate$ $$ $$ $$ $$ $$ $$ $Over $
Click on the icon in order to copy its contents into a spreadsheet.Corporate income tax The Robbins Corporation is an oil wholesaler.
The firm's sales last year were $ million, with the cost of goods sold
equal to $ The firm paid interest of $ and its cash
operating expenses were $ Also, the firm received $ in
dividend income from a firm in which the firm owned of the shares,
while paying only $ in dividends to its stockholders. Depreciation
expense was $ Use the corporate tax rates shown in the
popup window, to compute the firm's tax liability. What are the firm's
average and marginal tax rates?
The Robbins Corporation's tax liability for the year is $Round to the
nearest dollar.
The firm's average tax rate is
Round to two decimal places.
The firm's marginal tax rate is
Round to the nearest integer.
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