The Dakota Corporation had a 2021 taxable income of $33,365,000 from operations after all operating costs but before (1) interest charges of $8,500,000, all of which is tax deductible; (2) dividends received of $750,000; (3) dividends paid of $5,250,000; and (4) income taxes. The firm’s EBITDA is $tax rate is 21 percent.

a. Calculate Dakota’s income tax liability

b. What are Dakota’s average and marginal tax rates on taxable income?