Calculate snyder tax liability

Reference no: EM131007522

The Snyder Corporation had the following income and expense items.

Sales	$180,870,000
Cost	110,450,000
Expenses	65,560,000

In addition, it received both interest and dividends from the Bevins Corp., of which it owns 30%. The interest received from Bevins was $2,430,000, and the dividends were $4,700,000.

Calculate Snyder's tax liability.

Reference no: EM131007522

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