Question 9 During 2020, Miami Inc. had sales revenue $1,328,000, gross profit $728,000, operating expenses $398,000, cash dividends $90,000, other expenses and losses $40,000. Its corporate tax rate is 30%. What was Miami's income tax expense for the year? Question 9 During 2020, Miami Inc. had sales revenue $1,328,000, gross profit $728,000, operating expenses & 30%. What was Miami's income tax expense for the year? O $180,000 O $398,400 O $87,000 O $60,000