Pendelton, Inc is a corporation that produces textiles in the United States. Calculate the corporate income tax Pendelton must they pay on $1250000 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% .

		$1033900.00
		$421400.00
		$425000.00
		$437500.00

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