Calculate the corporations tax liability

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Reference no: EM133433673

Question: Corporate income tax) Sandersen Inc. sells minicomputers. During the past year, the company's sales were $3.2 million. The cost of its merchandise sold came to $1.6 million, and cash operating expenses were $398,000; depreciation expense was $105,000, and the firm paid $150,000 in interest on its bank loans. Also, the corporation received $55,000 in dividend income but paid $26,000 in the form of dividends to its own common stockholders. Calculate the corporation's tax liability by using the corporate tax rate structure in the popup window,

Reference no: EM133433673

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