In 2017, ZenCo, Inc. reported $210,500 of taxable income. What is its regular tax liability for tax year 2017? Use the following 2017 corporate rates below: 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 $18,333,333 $6,416,667 + 35% of the excess over $18,333,333 Group of answer choices $82,095 $65,345 $73,675 $71,570 Flag question: Question 34 Question 342.5 pts Of the following statements regarding the taxation of corporate profits, which is true? Group of answer choices Dividends payments are deductible in computing corporate taxable income. The tax treatment of corporate dividends creates a bias in favor of debt financing. Corporations cannot deduct interest payments in computing corporate taxable income. Corporations with high debt-to-equity ratios have less burdensome cash flow commitments and lower risk of