kld-51 onld 1 Bus Fin. Spring 2019. TR @2pm, CRN 22492 Homework: Chapter 3 Homework Score: 0 of 1 pt MN Score: 56%, 045 of 8 1 Problem 3-16 (similar to) new and used trucks and is actively involved in the parts business During the most recent year, the company generaned salas 408 000inmerest expense was income taxes) The Wllam B.Waugh Corporation is a regional Toyota dealer The Sem sells ofS3 09 milion The combined cost of goods sold and the operating expenses structure in the popup window 1 vere $2 02 milion Also $408 000 in interest expense was paid during the year Calculate the corporation's tax iability by using the corporate tax rate be dts al Toyota dealer. The firm sells new and used trucks and is actively involved in the parts b enses were $2.02 million. Also, $408,000 in interest expense was paid during the year. Cal Data Table Corporate Tax Rates 15% 25% 34% 35% Additional surtax +5% on income between $100,000 and $335,000 50 -$50,000 $50,001-$75,000 $75,001-$10.000.000 over $10,000,000 3% on income between S 15.000.000 and S18 333 333 Click on the icon located on the top-right comer of the data table above in order to copy its contents into a spreadsheet) nsw Print Done .sSs