(Corporate income tax) Sandersen Inc. sells minicomputers. During the past year the company's sales were $ 3.6 million. The cost of its merchandise sold came to $ million, and cash operating expenses were $; depreciation expense was $, and the firm paid $ in interest on its bank loans. Also, the corporation received $ in dividend income but paid $ 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, LOADING....

Calculate the gross profits.

The gross profits are $ (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
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