Last Year, Martyn Company Had $500,000 in Taxable Income from Its

Last year, Martyn Company had $500,000 in taxable income from its operations, $50,000 in interest income, and $100,000 in dividend income. Using the corporate tax rate table given below, what was the company's t $\begin{array} { l r r l r } &\text { Tax on Base } &\text { Percentage on } \\\underline{\text { Taxable Income }}&\underline{\text { of Bracket }}&\underline{\text { Excess above Base} }\\\text { Up to } \$ 50,000 & \$ 0 & 15 \% \\\$ 50,000 - \$ 75,000 & 7,500 & 25 \\\$ 75,000 - \$ 100,000 & 13,750 & 34 \\\$ 100,000 - \$ 335,000 & 22,250 & 39 \\\$ 335,000 - \$ 10,000,000 & 113,900 & 34 \\\$ 10,000,000 - \$ 15,000,000 & 3,400,000 & 35 \\\$ 15,000,000 - \$ 18,333,333 & 5,150,000 & 38 \\\text { Over } \$ 18,333,333 & 6,416,667 & 35\end{array}$

tax liability for the year?

A) $187,340
B) $197,200
C) $207,060
D) $217,413