Your client is facing a possible Personal Holding Company Tax (Section 541) or Accumulated Earnings Tax (Section 531) in 2018. Compute the Personal Holding Company Tax (Section 541) due (and compute the Effective Tax Rate for this manufacturing company) based on the following facts: Taxable Income $522,000 Dividends Received Deduction 47,000 Accumulated Earnings Credit 36,100 Dividends Paid 38,000 Federal Income Taxes 109,620 Excess Charitable Contributions 23,400