The Robbins Corporation is an oil wholesaler. The firm's sales last year were $1.01 million, with the cost of goods sold equal to $620,000. The firm paid interest of $179,000 and its cash operating expenses were $102,000. Also, the firm received $40,000 in dividend income from a firm in which the firm owned 22% of the shares, while paying only $11,000 in dividends to its stockholders. Depreciation expense was $50,000. Use the corporate tax rates shown in the popup window

Taxable Income Marginal Tax Rate $0-$50,000 15% $50,001-$75,000 25% $75,001-$100,000 34% $100,001-$335,000 39% $335,001-$10,000,000 34% $10,000,001-$15,000,000 35% $15,000,001-$18,333,333 38% Over $18,333,333 35%

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 $?