nearest cent. 5 Corporate calculations. Round your answer to the nearest dollar

2018 Individual Tax Rate Single Individuals If Your Taxable Income IS up sg,szs $9,525 - $38,700 $38,700 - $82,500 582,500 - SL57,500 $157,500 - $200,000 $200,000 - $500,000 over $500,000 r to the rarest dollar. you pay This Amount on ehe Base Of the Bracket 952.50 4,453.50 14,089.50 32,089.50 45,689.50 150,689.50 Star-dard deduction for individual: $12,000 plus This percentage on Excess over the Bak (Marginal Rate) 12.0 24.0 35.0 37.0 Married Coupl Filing Joint Returns If Your Taxable up to 519,050 519,050 - 577,400 577,400 $165,000 $165,000 - $31S,ooc $315,000 - $400,000 $400,000 - $soo,ooc over $600,000 You Pay This Amount On the of the Bracket 1,905.00 8,907.00 28,179.00 64,179.00 91,379.00 161,379.00 Plus This on the the Rate) 10.0% 22.0 24.0 32.0 3S_o 37.0 Average Tax Rate at Top Of Bracket 10.0% 20.4 22.8 30.1 37.0 Ave rage Tax Ra te at Top of 10.0% 37 0 Standard deduction for married couples filing jointly: $24,000 Quantitaeve Problem: Jenna is a single taxpayer. During 201B, she earned wages of $140,000. She doesn't itemize deductions, so she will take the standard deduction to calculate 2018 taxable income. In addition, during She sold Stock that She had owned ror years for a net profit 01 $6,300. HO" much does Jenna owe to the IRS taxes? DO not intermediate calculations. Round your answer to the nearest Cent. Corporations earn most Of their irKOrne frwfi however, may also receive interest and dividend . income ig taxed as Ordinary favorably. of : deductible; hmv c uded from inco hl th remaining is at the rate F b pay mene are not tax deductible. tax svtem the taxable , he th e ta as, a n d t fi s o larger the depreciation, cash flow. Quantitayve problem: Andrews Corporation has income from operations Of $220,000. In addition, it received interest income Of $22,000 and received dividend income; however, dividend income iS taxed more payments are regarded as an so they a g. Depre ato x ci ne tax deductible, income Of $30,700 from another corporation. Finally, it paid $9,800 Of interest income to its bondholders and paid $41 Of dlVidendS to its COrnrnon Stockholders. The firm'S federal tax rate iS 21 What iS the firm'S federal income tax? not round intermediate Round yo