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round to the nearest dollar gross profits=? operating profits=? taxable dividend income=? taxable ordinary income=? total taxes due=? (Caporate income tax) Sandersen Inc. sells minicomputers.
round to the nearest dollar gross profits=? operating profits=? taxable dividend income=? taxable ordinary income=? total taxes due=? (Caporate income tax) Sandersen Inc. sells minicomputers. During the past year the company's sales were $3.3milion. The cost of its merchandise sold came to $1.6 million, and cash operating expenses were $392,000; doprociation expense was $102,000, and the firm paid $149,000 in interest on its bank loans. Aleo, the corporetion received $55,000 in dividend income but paid $20,000 in the form of dividends to its own cormmon stockholders. Calculate the corporation's tax liability by using the corporate tax rate structure in the popup window, Calculate the gross profits. The gross profits are (Round to the nearest dollar.) (Click on the following icon in order to copy its contents into a spreadsheet.)
gross profits=?
operating profits=?
taxable dividend income=?
taxable ordinary income=?
total taxes due=?
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