updated version of question

his Question: 4 pts (Corporate income tax) Sales for J. P. Hulett Inc. during the past year amounted t $11,000, which was paid by a firm in which Hulett owns 85 percent of the shares. U The firm's tax liability for the year is $ (Round to the nearest dollar.) The firm's average tax rate is %. (Round to two decimal places.) The firm's marginal tax rate is %. (Round to the nearest integer.) bayan mounted to $4.3 million. Gross profits totaled $1.06 million, and operating and depreciation expenses were $505,000 and shares. Use the corporate tax rates shown in the popup window, to Comcute the corporation's tax liability. What are ing and depreciation expenses were $505,000 and $353,000, respectively. Dividend income for the year was to Comcute the corporation's tax liability. What are the firm's average and marginal tax rates? (Corporate income tax) Sales for J. P. Hulett Inc. during the past year amounted to $4.3 million. Gross profits totaled $1.06 million, and operating $11,000, which was paid by a firm in which Hulett owns 85 percent of the shares. Use the corporate tax rates shown in the popup window, toc The firm's tax liability for the year is $ (Round to the nearest dollar.) The firm's average tax rate is %. (Round to two decimal places.) The firm's marginal tax rate is % (Round to the nearest integer.) 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% -k on the icon in order to copy its contents into a spreadsheet) Print Slne 02