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

$1.09

million, with the cost of goods sold equal to

$630,000.

The firm paid interest of

$257,000

and its cash operating expenses were

$100,000.

Also, the firm received

$44,000

in dividend income from a firm in which the firm owned

22%

of the shares, while paying only

$12,000

in dividends to its stockholders. Depreciation expense was

$51,000.

Use the corporate tax rates shown in the popup window,

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,

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