If a Corporation's Taxable Income Is Up to $50,000 $50,000 $75,000 $75,000 $100,000 2017 Corporate Tax Rates It Pays This Amount on the Base of the Bracket Plus This Percentage on the Excess over the Base (Marginal Rate) 15.0% Average Tax Rate at Top of Bracket 15.0% 18.3 $0 7,500 25.0 13,750 34.0 22.3 $100,000 $335,000 22,250 39.0 34.0 $335,000 $10,000,000 113,900 34.0 34.0 $10,000,000 $15,000,000 3,400,000 35.0 34.3 $15,000,000 $18,333,333 5,150,000 38.01 Over $18,333,333 6,416,667 35.0 35.0 35.0 Quantitative Problem: Andrews Corporation has income from operations of $229,000. In addition, it received interest income of $22,900 and received dividend income of $30,700 from another corporation. Finally, it paid $10,400 of interest income to its bondholders and paid $42,300 of dividends to its common stockholders. Using the 2017 corporate tax schedule, what is the firm's federal income tax? Round your intermediate and final answers to the nearest cent. $