The AOK Corporation had a 2013 taxable income of $2,200,000 from operations after all operating costs but before

(1) interest charges of $90,000,

(2) dividends received of $750,000,

(3) dividends paid of $80,000, and

(4) income taxes.

Using the tax schedule in Table 2.3, what is AOK's income tax liability?

What are AOK's average and marginal tax rates on taxable income from operations?

$793,900, 34%, 34%, respectively$793,900, 36.0864%, 34%, respectively$972,400, 34%, 34%, respectively$972,400, 44.2%, 34%, respectively