(Corporate

income

tax)

Fighting Dyer Inc. had taxable income of

$20.3

million. Calculate Fighting Dyer's federal income taxes by using the corporate tax rate structure in the popup window,

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Corporate Tax Rates
15%	$0long dash$50,000
25%	$50,001long dash$75,000
34%	$75,001long dash$10,000,000
35%	over $10,000,000
Additional surtax:
bullet 5% on income between $100,000 and $335,000
bullet 3% on income between $15,000,000 and $18,333,333

Total tax due is

$