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A corporation earned $4 million in sales revenue, earned $2 million in realized capital gains, incurred labor costs of $1 million, interest costs of $250,000,
A corporation earned $4 million in sales revenue, earned $2 million in realized capital gains, incurred labor costs of $1 million, interest costs of $250,000, material costs of $500,000, pays rent worth $250,000. And paid $1 million in dividends. The corporate income tax rate is a flat tax of 21%. What is the corporations tax bill?
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