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Question 3 4 pts During 2018, Delmar Inc. had sales of $50,000 and cost of...

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Question 3 4 pts During 2018, Delmar Inc. had sales of $50,000 and cost of goods sold = 42% of sales. Depreciation expense was $3,000 and interest expense was $4,000. The corporate tax rate was 22%. What is the EBIT for the year? Enter your answer with commas and to two decimal places. Question 4 5 pts John Doogan computed $92,000 in taxable income for 2018. Since he files as a single, he can use the following table to compute his tax liability. Compute his tax liability, average tax rate and marginal tax rate. Answer with commas and two decimal places. 0-9525 10% 9525 - 38700 12% 38700 - 82500 22% 82500 - 157500 24%

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