Is a corporation that produces textiles in the United States. Calculate the corporate income tax they must pay on $2500000 of taxable income. Use the following tax table to calculate the tax liability from the answers below.

Income Level........... Tax Rate 0 50,000 ..............15% 50,000 75,000 .........25% 75,000 100,000 ........30% 100,000 335,000 .......34% 335,000 - 3,000,000 .....35% over 3,000,000 ..........37%

Choices

858900.00

850000.00

875000.00

1033900.00