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The tax table for corporations is given below: Taxable income Tax on base of bracket Rate on amount above base $0 - 50,000 $0 15%

The tax table for corporations is given below:

Taxable income

Tax on base of bracket

Rate on amount above base

$0 - 50,000

$0

15%

$50,000 - 75,000

$7,500

25%

$75,000 - 100,000

$13,750

34%

$100,000 - 335,000

$22,250

39%

$335,000 - 10,000,000

$113,900

34%

$10,000,000 - 15,000,000

$3,400,000

35%

$15,000,000 - 18,333,333

$5,150,000

38%

$18,333,333 and up

$6,416,667

35%

Bolander, Inc. has a taxable income this year of $206,000. What is the firms after-tax income?

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