(Corporate income tax) Last year Sanderson, inc had salos of $31 milion. The frm's cost of goods sold came so $2.0 milton, ts operating expenses eicluding depreciation of \$105 000 were $392 , 000 , and the fim pad $145 , 000 in enterest on its bark laans Also, tho corporabon roceved 548,000 in dividind ncome (frem a compony in which it owned less than 20 percent of its shares) bur pad $26 , 000 in the form The firms tax lassily for ne year ins (Robund to the nescest oblar) The femrs average tax iate is (f (found to wo dicmul places) The Srer's msigin tax rate is (Round to the nesiest integei) Data table .

1. (Corporate income tax) Last year Sanderson, inc had salos of $31 milion. The frm's cost of goods
sold came so $2.0 milton, ts operating expenses eicluding depreciation of $105 000 were $392 ,
000 , and the fim pad $145 , 000 in enterest on its bark laans Also, tho corporabon roceved
548,000 in dividind ncome (frem a compony in which it owned less than 20 percent of its shares)
bur pad $26 , 000 in the form The firms tax lassily for ne year ins (Robund to the nescest oblar)
The femrs average tax iate is (f (found to wo dicmul places) The Srer's msigin tax rate is (Round
to the nesiest integei) Data table