Use the corporate tax rates shown in the popupwindow to compute thecorporation's tax liability. What are thefirm's average and marginal taxrates?

(Corporate income tax) Sales for J. P. Hulett Inc. during the past year amounted to $3.9 million. Gross prots totaled $1.02 million, and operating and depreciation expenses were $507,000 and $352,000, respectively. Dividend income for the year was $14,000, which was paid by a rm in which Hulett owns 85 percent of the shares. Use the corporate tax rates shown in the popup window, E , to Comcute the corporation's tax liability. What are the rm's average and marginal tax rates? The rm's tax liability for the year is $ . (Round to the nearest dollar.)