Cragen Corporation has gross income of $625,000 and operating expenses of $418,000.What is its taxable income? What is its income tax liability?

Name: Cragen Corporation has gross income of $625,000 and operating expenses of $418,000.What is its taxable income? What is its income tax liability?
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The Answer of Cragen Corporation has gross income of $625,000 and operating expenses of $418,000.What is its taxable income? What is its income tax liability?

Cragen Corporation Has Gross Income of $625,000 and Operating Expenses