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The Robbins Corporation is an oil wholesaler. The firm's sales last year were $ 1 . 0 2 million , with the cost of goods
The Robbins Corporation is an oil wholesaler. The firm's sales last year were $ million with the cost of goods sold equal to $ comma The firm paid interest of $ comma and its cash operating expenses were $ comma Also, the firm received $ comma in dividend income from a firm in which the firm owned of the shares, while paying only $ comma in dividends to its stockholders. Depreciation expense was $ comma 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?
Taxable Income Marginal Tax Rate
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please find for the following.
The Robbins Corporation's tax liability for the year is $
enter your response here. Round to the nearest dollar.
Part
The firm's average tax rate is
enter your response hereRound to two decimal places.
Part
The firm's marginal tax rate is
enter your response hereRound to the nearest integer.
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