Question 9 The Jones Corp is a small real estate holdings firm. Last year the firm had $6,500,000 in revenue, with cost of goods sold totaling $4,000,000. The firm paid interest of $125,000 and its general (cash) operating expenses were $800,000. It recognized a depreciation expense of $400,000. Jones Corp received $95,000 in dividend income (from another corporation in which Jones Corp holds 34% of outstanding shares) and paid $20,000 in dividends to its own shareholders. Using the tax table above, compute Jones Corp's tax liability. O $407,575 O $791,175 O $431,800 10 pts O $640,285

The Jones Corp is a small real estate holdings firm. Last year the firm had $6,500,000 in revenue, with cost of goods sold totaling $4,000,000. The firm paid interest of $125,000 and its general (cash) operating expenses were $800,000. It recognized a depreciation expense of $400,000. Jones Corp received $95,000 in dividend income (from another corporation in which Jones Corp holds 34% of outstanding shares) and paid $20,000 in dividends to its own shareholders. Using the tax table above, compute Jones Corp's tax liability. $407,575 $791.175 $431,800 $640,285