Taxable Income

$$Marginal Tax Rate

$$$$0$minus$$$$50,000$

$15\%$

$$$$50,001$minus$$$$75,000$

$25\%$

$$$$75,001$minus$$$$100,000$

$34\%$

$$$$100,001$minus$$$$335,000$

$39\%$

$$$$335,001$minus$$$$10,000,000$

$34\%$

$$$$10,000,001$minus$$$$15,000,000$

$35\%$

$$$$15,000,001$minus$$$$18,333,333$

$38\%$

$$Over $$18,333,333$

$35\%$

$($Click on the icon in order to copy its contents into a spreadsheet.$)$ Last year Sanderson, Inc had sales of $3\mathrm{.}6$ million. The firm's cost of goods sold came to $2\mathrm{.}4$ million, its operating expenses depreciation of $$100,000$ were $$398,000,$ and the firm paid $$147,000$ in interest on its bank loans. Also, the corporation recieved $$54,000$ in dividend income $($from a company in which it owned less than $20\%$ of its shares$)$ but paid $$21,000$ in the form of dividends to its own common stockholders. Use the corporate tax rates shown in the pop up windo, to calculate the corporation's tax liability. What are the firm's avrage and marginal tax rates?