In the current year, Metro Market, Inc. (a C corporation) had $1,875,000 of sales and its cost of goods sold was $688,000. Metro also had $5,000 of corporate bond interest and $,6000 of interest on a State bond. Metro paid $512,000 of salaries and had other operating expenses of $542,000. In addition, Metro had a general business credit of $10,000. What is Metro Market's income tax liability for the current year?

2017 Corporate Tax Rate Schedule
If Taxable Income Is: Over	But Not Over	The Tax Is	Plus This %	of The Amount Over--
$0	$50,000	$0	15%	$0.00
$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	----	$6,416,667	35%	$18,333,333