$($Corporate income tax$)$ Sales for J$.$ P$.$ Hulett Inc. during the past year amounted to $$3\mathrm{.}8$ million. The firm supplies statistical information to engineering companies. Gross profits totaled $$1\mathrm{.}12$ million, and operating and depreciation expenses were $$494,000$ and $$355,000,$ respectively. Dividend income for the year was $$12,500.$ Compute the corporation's tax liability by using the corporate tax rate structure in the popup window, $8.$

Calculate the operating profits.

The operating profits are $$271000.($Round to the nearest dollar.$)$

Calculate the taxable dividend income:

The taxable dividend income is $$3750.($Round to the nearest dollar.$)$

Calculate the taxable ordinary income:

The taxable ordinary income is $$274750.($Round to the nearest dollar.$)$

Calculate the total tax due:

The total tax due is $

$($Round to the nearest dollar.$)$

$($Corporate income tax$)$ Sandersen Inc. sells minicomputers. During the past year the company's sales were $$3\mathrm{.}2$ million. The cost of its merchandise sold came to $$1\mathrm{.}7$ million, and cash operating expenses were $$405,000$; depreciation expense was $$92,000,$ and the firm paid $$152,000$ in interest on its bank loans. Also, the corporation received $$45,000$ in dividend income but 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,

Calculate the gross profits.

The gross profits are $$1500000.($Round to the nearest dollar.$)$

Calculate the operating profits.

The operating profits are $$1003000.($Round to the nearest dollar.$)$

Calculate the taxable dividend income.

The taxable dividend income is $$13500.($Round to the nearest dollar.$)$

Calculate the taxable ordinary income.

The taxable ordinary income is $$864500.($Round to the nearest dollar.$)$

Calculate the total tax due.

The total tax due is $ $($Round to the nearest dollar.$)$