The Dakota Corporation had a 2015 taxable income of $32,000,000 from operations after all operating costs but before (1) interest charges of $9,200,000. (2) dividends received of $850,000, (3) dividends paid of $5,750,000, and (4) income taxes. a. Use the tax schedule in Table 2.3 to calculate Dakota's income tax liability. (Round your answer to the nearest dollar amount.) Income tax liability b. What are Dakota's average and marginal tax rates on taxable income? (Round your answers to 2 decimal places.) % Average tax rate Marginal tax rate % DCO DI table 2.3 Topic 2: Financ. Connect table2.3.png Corporate Tax Rates as of 2018 Taxable income Pay this Amount on Base Income Plus this Percentage on Anything Over the Base 15% 25 34 $0-$50,000 $50,001-$75,000 $75,001-$100,000 $100,001-$335.000 $335.001-$10,000,000 $10,000,001-$15,000,000 $15,000,001-$18,333,333 Over $18,333,333 39 0 7,500 13,750 22,250 113,900 3,400,000 5,150,000 6,416,667 34 35 38 35