Problem 18-01

Given the following information, what is the corporation's federal tax obligation? Use the federal corporate tax structure to answer the questions. Round your answers to the nearest dollar.

Taxable income:	$3,000
Taxable income:	$63,000
Taxable income:	$1,300,000
Taxable income:	$34,000,000

Tax on $3,000: $

Tax on $63,000: $

Tax on $1,300,000: $

Tax on $34,000,000: $