The Robbins corporation is an oil wholesaler. The firms sales last year were 1.5 million, with the cost of goods sold equal to 620,000. The firm paid interest of 214,750 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 51,000. Use the corporate tax rates shown in the picture to compute the firms, tax liability. What are the firms average and marginal tax rates

The Robbins corporation tax liability for the year. $______?

\begin{tabular}{l|l} \hline Taxable Income & Marginal Tax Rate \\ \hline$0$50,000 & 15% \\ \hline$50,001$75,000 & 25% \\ \hline$75,001$100,000 & 34% \\ \hline$100,001$335,000 & 39% \\ \hline$335,001$10,000,000 & 34% \\ \hline$10,000,001$15,000,000 & 35% \\ \hline$15,000,001$18,333,333 & 38% \\ \hline Over $18,333,333 & 35% \\ \hline \end{tabular} on the icon in order to copy its contents into a spreadsheet.)