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In 2 0 1 7 Delux Corporation ( a C corporation ) has taxable income of $ 5 0 0 , 0 0 0 .

In 2017 Delux Corporation (a C corporation) has taxable income of $500,000. What is the corporation's income tax liability?
For your reference, the 2017 tax rate schedule is included below.
Income Over
But not over
Tax is
Of amount over
$0
$50,000
15%
$0
50,000
75,000
$7,500+25%
50,000
75,000
100,000
13,750+34%
75,000
100,000
335,000
22,250+39%
100,000
335,000
10,000,000
113,900+34%
335,000
10,000,000
15,000,000
3,400,000+35%
10,000,000
15,000,000
18,333,333
5,150,000+38%
15,000,000
18,333,333
____
35%
0

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