III Homework: Unit 2 Lab Assignment Question 8, P3-7 (similar to) Part 1 of 3 HW Score: 40%, B of 20 points Points: 0 of 2 Save (Corporate income tax) Sales for J.P. Hulettino during the past year amounted to $3.6 million. Gross profits totaled $1.04 million, and operating and depreciation expenses were $498,000 and 5354,000, respectively. Dividend income for the year was $12.000, which was paid by a firm in which Hulett owns 85 poroont of the shares. Use the corporate tax ratos shown in the popup window to Comcute the corporation's tax liability. What are the firm's average and marginal tax toiles? The firm's tax liability for the year is (Round to the nearest dollar) Help me solve this View an example Get more help Clear all Check answer ple 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% on the icon in order to copy its contents into a spreadsheet.)