Question: Problem 2 - 7 Corporate Taxes ( LG 2 - 3 ) Oakdale Fashions, Inc. ' s , 2 0 2 1 income statement is

Problem 2-7 Corporate Taxes (LG2-3)
Oakdale Fashions, Inc.'s,2021 income statement is reported below. (Use corporate tax rate of 21 percent for your calculations.)
Determine the firm's 2021 tax liability.
Tax liability
Determine the firm's 2021 net income.
Net income
Determine the firm's 2021 average tax rate. (Round your onswer to 2 decimal places.)
Determine the firm's 2021 marginal tax rate.
Problem 2-7 Corporate Taxes (LG2-3) Oakdale Fashions, Inc.'s,2021 income statement is

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