Cullumber Property Management Company announced that in the year ended June 30, 2017, its earnings before taxes amounted to $1,302,000. Calculate its taxes using Exhibit 3.6. (Round answers to 2 decimal places, e.g. 15,175.25.)

Tax rate Tax 15 % $ 25 34 39 34 35 38 35 $

Exhibit 3.6 U.S. Federal Corporate Income Tax Rates for 2016 The federal corporate marginal tax rate varies from 15 to 39 percent. Generally speaking, smaller companies with lower taxable income have lower tax rates than larger companies with higher taxable incomes. Smaller businesses are given preferential treatment to encourage new business formation. (1) (2) (3) Pay This Amount on the Base of the Bracket Marginal Tax Rate: Tax Rate on the Excess Over the Base Average Tax Rate at Top of Bracket 15.0% 18.3 22.3 Corporations' Taxable Income $0-$50,000 50,001-75,000 75,001-100,000 100,001335,000 335,00110,000,000 10,000,001-15,000,000 15,000,00118,333,333 More than 18.333.333 7,500 13,750 22,250 113,900 3,400,000 5,150,000 6,416,667 34.0 34.3 35.0 35.0