$12.$ Pendelton, Inc is a corporation that produces textiles in the United States. Calculate the corporate income tax Pendelton must they pay on $$1200000$ of taxable income. Use the following tax table to calculate the tax liability from the answers below.

Income Level........... Tax Rate

$050,000.............\mathrm{.}15\%$

$50,00075,000........\mathrm{.}25\%$

$75,000100,000.......\mathrm{.}30\%$

$100,000335,000......\mathrm{.}34\%$

$335,000-3,000,000....\mathrm{.}35\%$

over $3,000,000.........\mathrm{.}37\%$

$.$

$$408000\mathrm{.}00$

$$420000\mathrm{.}00$

$$403900\mathrm{.}00$

$$1033900\mathrm{.}00$