Taxable Income	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%

Meyer Inc. has taxable income (earnings before taxes) of $295,000. Calculate Meyer's federal income tax liability using the tax table shown in the chart above: What are the firm's average and marginal tax rates?

1a. The firm's tax liability for the year is $____.

1b. The firm's average tax rate is ____%.

1c. The firm's marginal tax rate is ____%.