Your Corporation has the following cash flows

What is the corporations tax liability ?

28. Your corporation has the following cash flows: Operating income Interest received Interest paid Dividends received Dividends paid If 70 percent of dividends received are excludable, and if the applicable tax table is as follows, $250,000 10,000 (45,000) 20,000 50,000 Tax on Base SO-$50,000 50,000-75,000 75,000-100,000 100,000-335,000 over $335,000 7,500 13,750 22,250 113,900 Rate 15% 25 34 39 34 What is the corporation's tax liability? a. $88,350 b. $69,440 c. $65,350 d. $100,280 e. $57,530