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can you please help me solve the following attached! Calculate the gross profits. Calculate the taxable income. Calculate the total tax due. Score: 0 of

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can you please help me solve the following attached!

  1. Calculate the gross profits.
  2. Calculate the taxable income.
  3. Calculate the total tax due.

image text in transcribed
Score: 0 of 1 pt 5 of 5 (3 complete) HW Score: 18%, 0.9 of 5 p X) Bonus Question 3-7 (static) Question Help (Corporate income tax) G. R. Edwin Inc. had sales of $6.03 million during the past year. The cost of goods sold amounted to $2.93 million. Operating expenses totaled $2.57 million, and interest expense was $29,000. Determine the firm's tax liabilityby using the corporate tax rate structure in the popup window, . Data Table X Corporate Tax Rates 15% $0-$50,000 25% $50,001-$75,000 34% $75,001-$10,000,000 35% over $10,000,000 Additional surtax: * 5% on income between $100,000 and $335,000 * 3% on income between $15,000,000 and $18,333,333 (Click on the icon located on the top-right comer of the data table above in order to copy its contents into a spreadsheet.) Print Done

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