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Corporate income? tax)  The Robbins Corporation is an oil wholesaler

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Corporate income? tax)  The Robbins Corporation is an oil wholesaler. The? firm's sales last year were $1.06 ?million, with the cost of goods sold equal to $650,000. The firm paid interest of $203,500 and its cash operating expenses were $102,000. ? Also, the firm received $42,000 in dividend income from a firm in which the firm owned 22% of the? shares, while paying only $10,000 in dividends to its stockholders. Depreciation expense was $48,000. Use the corporate tax rates shown in the popup? window, LOADING...

?, to compute the? firm's tax liability. What are the? firm's average and marginal tax? rates?

The Robbins? Corporation's tax liability for the year is ?$

11750.00

The? firm's average tax rate is

17.54%

**what is the firm's marginal tax rate??**

The? firm's marginal tax rate is

___?%. ?(Round to the nearest? integer.)