Raptor Corporation Is a PHC for 2009 and Reports $200,000

Raptor Corporation is a PHC for 2009 and reports $200,000 of taxable income on its federal income tax return. $\begin{array}{lr}\text { Operating profit } & \$ 100,000 \\\text { Long- term capital gain } & 80,000 \\\text { Dividends (20\%- owned corporation) } & 90,000 \\\text { Interest } & 100,000\\\text { Gross income } & 370,000 \\\text { Salaries expense } & (50,000) \\\text { General and administrative expense } & (25,000) \\\text { Dividends- received deduction } & (58,500)\\\text { Taxable income } & \$ 236,500 \\\text { Regular tax liability } & \$ 49,665\end{array}$ What is Raptor's PHC tax, assuming that it does not pay any dividends?