In each of the following independent situations, determine the corporation's income tax liability. Assume that all corporations use a calendar year and that the year involved is 2014.
$\begin{array}{lr}
& \text { Taxable } \
& \text { Income } \
\text { Violet Corporation } & 63,000 \
\text { Indigo Corporation } & 180,000 \
\text { Orange Corporation } & 510,000 \
\text { Blue Corporation } & 11,100,000 \
\text { Green Corporation (personal service } & 225,000 \
\text { corporation) } &
\end{array}$

Question

In each of the following independent situations, determine the corporation's income tax liability. Assume that all corporations use a calendar year and that the year involved is 2014.
 $\begin{array}{lr}
& \text { Taxable } \
& \text { Income } \
\text { Violet Corporation } & 63,000 \
\text { Indigo Corporation } & 180,000 \
\text { Orange Corporation } & 510,000 \
\text { Blue Corporation } & 11,100,000 \
\text { Green Corporation (personal service } & 225,000 \
\text { corporation) } &
\end{array}$

Quizplus · Accepted Answer

The Answer of In each of the following independent situations, determine the corporation's income tax liability. Assume that all corporations use a calendar year and that the year involved is 2014.
 $\begin{array}{lr}
& \text { Taxable } \
& \text { Income } \
\text { Violet Corporation } & 63,000 \
\text { Indigo Corporation } & 180,000 \
\text { Orange Corporation } & 510,000 \
\text { Blue Corporation } & 11,100,000 \
\text { Green Corporation (personal service } & 225,000 \
\text { corporation) } &
\end{array}$

In Each of the Following Independent Situations, Determine the Corporation's