16. ABC Corporation shows the following transactions included while calculating the net profit. Worth of $115000 is tax exempted interest income, expenses incurred during the year $387000 which are not deductible and allowed expenses are $750000 which have not considered while calculating profits. Besides $22000 worth of taxable income has not included in the above net profit. The tax rate applicable to the company is 21%. Calculate the due amount of corporation tax The book profit of ABC company shows $5,515,000 for the year. Calculate taxable income and tax liability @ 21%