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( Corporate income tax ) G . R . Edwin Inc. had sales of $ 6 . 1 7 million during the past year. The

(Corporate income tax) G. R. Edwin Inc. had sales of $6.17 million during the past year. The cost of goods sold amounted to $3.07 million. Operating expenses totaled $2.67 million, and interest expense was $25,000. Determine the firm's tax liabilityby using the corporate tax rate structure in the popup window,
Calculate the gross profits.
The gross profits are $3100000 : (Round to the nearest dollar.)
Calculate the taxable income.
The taxable income is $405000.(Round to the nearest dollar.)
Calculate the total tax due.
The total tax due is $ (Round to the nearest dollar.)
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