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Your corporation, prior to 2018, had a gross income of $21,560,000, total operating expenses of $5,970,000, and depreciation deductions of $3,540,000 for the year. What

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Your corporation, prior to 2018, had a gross income of $21,560,000, total operating expenses of $5,970,000, and depreciation deductions of $3,540,000 for the year. What is the taxable income and total federal income taxes, based on the table below? 0 0 If Taxable income is: Over But Not Over $50,000 $50,000 75,000 75,000 100,000 100,000 335.000 335,000 10,000,000 10,000,000 15,000,000 15,000,000 18,333,333 18,333,333 The Tax is: of the Amount Over 15% $7.500 + 25% $50,000 13,750 + 34% 75.000 22,250 + 39% 100,000 113,900 + 34% 335,000 3,400,000 + 35% 10,000,000 5,150,000+ 38% 15,000,000 35% The taxable income is (Round to the nearest dollar - no decimal places) The total federal income taxes owed are Round to the nearest dollar - no decimal places)

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