(Computing income taxes) Sandersen Inc. sells minicomputers. During the past year, the company's sales were $3.15 million. The cost of its merchandise sold came to $1.94 million, and cash operating expenses were $310,000; depreciation expense was $93,000, and the firm paid $146,000 in interest on its bank loans. Also, the corporation paid $28,000 in the form of dividends to its own common stockholders. Calculate the corporation's tax liability by using the corporate tax rate structure in the popup window, B. 0 Data Table The corporation's tax liability is $ . (Round to the nearest dollar.) 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 corner of the data table above in order to copy its contents into a spreadsheet.) Print Done (Computing income taxes) Sandersen Inc. sells minicomputers. During the past year, the company's sales were $3.15 million. The cost of its merchandise sold came to $1.94 million, and cash operating expenses were $310,000; depreciation expense was $93,000, and the firm paid $146,000 in interest on its bank loans. Also, the corporation paid $28,000 in the form of dividends to its own common stockholders. Calculate the corporation's tax liability by using the corporate tax rate structure in the popup window, B. 0 Data Table The corporation's tax liability is $ . (Round to the nearest dollar.) 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 corner of the data table above in order to copy its contents into a spreadsheet.) Print Done (Computing income taxes) Sandersen Inc. sells minicomputers. During the past year, the company's sales were $3.15 million. The cost of its merchandise sold came to $1.94 million, and cash operating expenses were $310,000; depreciation expense was $93,000, and the firm paid $146,000 in interest on its bank loans. Also, the corporation paid $28,000 in the form of dividends to its own common stockholders. Calculate the corporation's tax liability by using the corporate tax rate structure in the popup window, B. 0 Data Table The corporation's tax liability is $ . (Round to the nearest dollar.) 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 corner of the data table above in order to copy its contents into a spreadsheet.) Print Done (Computing income taxes) Sandersen Inc. sells minicomputers. During the past year, the company's sales were $3.15 million. The cost of its merchandise sold came to $1.94 million, and cash operating expenses were $310,000; depreciation expense was $93,000, and the firm paid $146,000 in interest on its bank loans. Also, the corporation paid $28,000 in the form of dividends to its own common stockholders. Calculate the corporation's tax liability by using the corporate tax rate structure in the popup window, B. 0 Data Table The corporation's tax liability is $ . (Round to the nearest dollar.) 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 corner of the data table above in order to copy its contents into a spreadsheet.) Print Done