Problem 11-13 (Algorithmic) Corporate Accumulations (LO 11.8)

Grevilla Corporation is a manufacturing company. The corporation has accumulated earnings of $2,961,800, and it can establish reasonable needs for $1,243,956 of that amount.

Calculate the amount of the accumulated earnings tax (if any) that Grevilla Corporation is subject to for this year.

If required, round your answer to nearest whole value. $