The Robbins Corporation is an oil wholesaler. The firm's sales last year were

$1.07

million, with the cost of goods sold equal to

$630,000.

The firm paid interest of

$235,750

and its cash operating expenses were

$105,000.

Also, the firm received

$43,000

in dividend income from a firm in which the firm owned

22%

of the shares, while paying only

$13,000

in dividends to its stockholders. Depreciation expense was

$49,000.

Use the corporate tax rates shown in the popup window,

LOADING...

, to compute the firm's tax liability. What are the firm's average and marginal tax rates?

The Robbins Corporation's tax liability for the year is

$nothing.

(Round to the nearest dollar.)The firm's average tax rate is

nothing%.

(Round to two decimal places.)The firm's marginal tax rate is

nothing%.

(Round to the nearest integer.)