b)How much will the company pay in federal income taxes for the year?

A consumer electronics company was formed to develop cell phones that run on or are recharged by fuel cells. The company purchased a warehouse and converted it into a manufacturing plant for $9,000,000. It completed installation of assembly equipment worth $1, 600,000 on December 31st. The plant began operation on January 1st. The company had a gross income of $9, 300,000 for the calendar year. Manufacturing costs and all operating expenses, excluding the capital expenditures, were $2, 190,000. The depreciation expenses for capital expenditures amounted to $440,000. Click the icon to view the corporate tax schedule Compute the taxable income of this company. The taxable income of this company is $ squarebox. (Roun