TaxMatters, Inc. is a Public C$-$Corporation. The company provided us with the following profit

and loss details for the year ended $2023.$ Please note that any accrued $3$rd party consulting fees

are not deductible for tax purposes this year $(2023)$ but will be deductible when paid in the

future. Also, depreciation for tax purposes is $$22,500,000$ for the year $(2023).$ Please assume

this company is not subject to state or other non$-$federal taxes.

Revenue $ $60,000,000$

Bond Interest Income $-$ Corporate $ $1,500,000$

Bond Interest Income $-$ Municipal $($State$)$ $ $2,000,000$

Total Income $ $63,500,000$

Office Supplies $ $1,500,000$

Salaries $($Non$-$Executives$)$ $ $13,000,000$

Exec Compensation $-$ CEO $ $9,000,000$

Exec Compensation $-$ CFO $ $3,500,000$

Exec Compensation $-$ Other $ $900,000$

Depreciation $ $17,000,000$

Accrued $3$rd Party Consulting Fees $ $1,650,000$

Fines$/$Penalties $ $1,200,000$

Meals $ $2,300,000$

Entertainment $ $1,850,000$

Interest Expense $ $1,000,000$

Total Expenses $ $52,900,000$

Income Before Taxes $ $10,600,000$

$($a$)$ What is TaxMatter$$s Taxable income for $2023?$

$($b$)$ What is TaxMatter$$s Income Tax Payable for $2023?$