In 2016, NB Inc.'s federal taxable income was $242,000. Compute the required installment payments of 2017 tax in each of the following cases: Use Corporate tax rate schedule.

a. NBs 2017 taxable income is $593,000.

b. NBs 2017 taxable income is $950,000.

c. NBs 2017 taxable income is $1,400,000.

CORPORATE TAX RATES

If taxable income is: The tax is:

Not over $50,000 15% of taxable income

Over $50,000 but not over $75,000 $7,500 + 25% of the excess over $50,000

Over $75,000 but not over $100,000 $13,750 + 34% of the excess over $75,000

Over $100,000 but not over $335,000 $22,250 + 39% of the excess over $100,000

Over $335,000 but not over $10,000,000 $113,900 + 34% of the excess over $335,000

Over $10,000,000 but not over $15,000,000 $3,400,000 + 35% of the excess over $10,000,000

Over $15,000,000 but not over $18,333,333 $5,150,000 + 38% of the excess over $15,000,000

Over $18,333,333 $6,416,667 + 35% of the excess over $18,333,333