Lintner Beverage Corp. reported the following information from their financial statements: Operating income (EBIT) = $20,000,000 Interest payments on long-term debt = $1,750,000 Dividend income = $1,000,000 Calculate Lintner's total tax liability using the corporate tax schedule below:

	Tax on Base	Percentage on
Taxable Income	of Bracket	Excess above Base
$0$50,000	$ 0	15%
$50,000$75,000	7,500	25
$75,000$100,000	13,750	34
$100,000$335,000	22,250	39
$335,000$10,000,000	113,900	34
$10,000,000$15,000,000	3,400,000	35
$15,000,000$18,333,333	5,150,000	38
Over $18,333,333	6,416,667	35

Group of answer choices

$6,167,875

$6,492,500

$6,817,125

$7,157,982

$7,515,881

Uniontown Books began operating in 2010. The company lost money its first three years of operations, but has had an operating profit during the past two years. The company's operating income (EBIT) for its first five years was as follows:

Year	EBIT
2010	$3,600,000
2011	$2,000,000
2012	$1,000,000
2013	$1,200,000
2014	$7,000,000

The company has no debt, and therefore, pays no interest expense. Its corporate tax rate has remained at 34% during this 5-year period. What was Uniontown's tax liability for 2014? (Assume that the company has taken full advantage of the carry-back and carry-forward provisions, and assume that the current provisions were applicable in 2010.)

Group of answer choices

$466,412

$490,960

$516,800

$544,000

$571,200