Problem $2-7$ Corporate Taxes $($LG$2-3)$

Oakdale Fashions, Inc's, $2021$ income statement is reported below.

Determine the firm's $2021$ tax llablity $($Round your onswer to the nearest dollar amount.$)$

Tax liability

Determine the firm's $2021$ net income. $($Round your answer to the nearest dollar amount.$)$

Determine the firm's $2021$ average tax rate. $($Round your answer to $2$ decimal places.$)$

Average tax rate

$\%$

Determine the firm's $2021$ marginal tax rate

Marginal tax rate

$\%$