1. Flip's Pizzeria Inc. has the following financial items for the current year: Advertising Expenses $75,000 Cost of Goods Sold $765,000 Dividend Income (Flip owns less than 20% of the other corporation) $4,500 Interest Expense $6,000 Municipal Bond Interest Income $2,500 Other Operating Expenses $540,000 Sales $1,810,000 Wages and Salaries $400,000 Calculate Flip's taxable income for the current year.

2. Suppose XYZ Inc.'s taxable income for the current year is $14,349,500. Calculate XYZ's tax liability.

3. Suppose XYZ Inc.'s taxable income for the current year is $45,000. Calculate XYZ's tax liability.

5.Suppose XYZ Inc.'s taxable income for the current year is $1,793,500. Calculate XYZ's tax liability.

6. Suppose XYZ Inc.'s taxable income for the current year is $61,500. Calculate XYZ's tax liability.

7. Suppose XYZ Inc.'s taxable income for the current year is $127,000. Calculate XYZ's tax liability.

8. Suppose XYZ Inc.'s taxable income for the current year is $17,514,500. Calculate XYZ's tax liability.

9. Suppose XYZ Inc.'s taxable income for the current year is $51,080,000. Calculate XYZ's tax liability.