a. In each of the following independent situations, determine the corporation’s income tax liability. Assume that all corporations use a calendar year for tax purposes and that the tax year involved is 2017.

                                                                                        Taxable Income
Purple Corporation .........................................................$ 65,000
Azul Corporation ..............................................................290,000
Pink Corporation .........................................................12,350,000
Turquoise Corporation ...............................................19,000,000
Teal Corporation (a personal service corporation) ......130,000

b. Using Microsoft Excel (or a similar software program), create a spreadsheet template that incorporates the 2017 corporate tax rate schedule and can be used to calculate the tax at any given amount of taxable income.