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The Dakota Corporation had a 2015 taxable income of $4,200,000 from operations after all operating costs but before (1) interest charges of $1.200,000. (2) dividends

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The Dakota Corporation had a 2015 taxable income of $4,200,000 from operations after all operating costs but before (1) interest charges of $1.200,000. (2) dividends received of $94,000, (3) dividends paid of $660,000, and (4) income taxes o. Use the tax schedule in Table 23 to calculate Dakota's income tax liability (Round your answer to the nearest dollar amount.) Answer is complete but not entirely correct. Income tax Hability $ 1437 588 b. What are Dakota average and marginal tax rates on taxable income? (Round your answers to 2 decimal places.) Answer is complete and correct. 34.00 Average tax rate Marginal tax rate 3400

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