HW Score: 50.21%, 4.02 0. Score: 0 of 1 pt 4 of 8 (6 complete) Problem 3-18 (similar to) Question Help (Computing income taxes) Sandersen Inc, sells minicomputers. During the past year, the company's sales were $3.16 million. The cost of its merchandise sold came to $1.95 million, and cash operating expenses were $360,000; depreciation expense was $96,000, and the firm paid 5141,000 in interest on its bank loans. Also, the corporation paid $20,000 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. !! The corporation's tax liability is $ . (Round to the nearest dollar.). (Computing income taxes) Sandersen Inc. sells minicomputers. During the past year, the company's sales w $3.16 million The cast of Remarchandica caldamata SLOG $360,000 Also corporatio N i Data Table atior tax liability The corpo 25% Corporate Tax Rates 15% $0-$50,000 $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 (Click on the icon located on the top-right comer of the data table above in order to copy its contents into a spreadsheet.) Print Done Enter your answer in the answer box and then click Check Answer. All parts showing Clear All