The Ohio Corporation had a 20XX taxable income of $50,000,000 from operations after all operating costs but before

1. interest charges of $500,000,
2. dividends received of $45,000,
3. dividends paid of $10,000,000, and
4. income taxes.

Using the tax schedule in Table 2.3, what is Ohio's income tax liability? What are Ohio's average and marginal tax rates on taxable income from operations?

Corporate Tax Rates as of \\( 20 \\mathrm{XX} \\) Multiple Choice \\( \\$ 17,329,725,34.66 \\%, 35 \\% \\), respectively \\( \\$ 13,829,725,27.66 \\%, 35 \\% \\), respectively \\( \\$ 6,416,667,12.83 \\%, 35 \\% \\), respectively