This is the problem:

Zombies, Inc. is suing Frankenstein, Inc. for copyright infringement. You've left Frankenstein for Zombies and are now preparing Zombies current Income Statement. You are down to the lines "tax" and "net profit after tax" and therefore need to calculate Zombies federal tax. Here's the data you have been working with: Sales: $1,400,000; cost of goods sold: $845,000; G&A (general & administrative expenses): $300,000; advertising: $75,000. Zombies took out a $120,000 loan this year and paid $12,000 in loan interest this year. They had invested in Disney (there was something about the song, "It's a small world" that they thought could be used to drive humans crazy) and received a dividend check (be careful with dividend income!) from Disney of $20,000. Their capital structure includes both preferred and common stock and they paid $10,000 and $15,000 respectively in dividends 9remember "dividends" are payments to the owners!)Given all that, what was their federal tax bill, what was their average tax rate, what was their marginal tax rate.