Pearls,Inc.had sales in 2013 of $2.1 million.The common stockholders received $600,000 in cash dividends.Interest totaling $150,000 was paid on outstanding debts.Operating expenses totaled $300,000,and cost of goods sold was $500,000.What is the tax liability of Pearls,Inc.? 2013 U.S.Corporate tax rates are shown below:

Question

Pearls,Inc.had sales in 2013 of $2.1 million.The common stockholders received $600,000 in cash dividends.Interest totaling $150,000 was paid on outstanding debts.Operating expenses totaled $300,000,and cost of goods sold was $500,000.What is the tax liability of Pearls,Inc.? 2013 U.S.Corporate tax rates are shown below:
Pearls,Inc.had sales in 2013 of $2.1 million.The common stockholders received $600,000 in cash dividends.Interest totaling $150,000 was paid on outstanding debts.Operating expenses totaled $300,000,and cost of goods sold was $500,000.What is the tax liability of Pearls,Inc.? 2013 U.S.Corporate tax rates are shown below:

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The Answer of Pearls,Inc.had sales in 2013 of $2.1 million.The common stockholders received $600,000 in cash dividends.Interest totaling $150,000 was paid on outstanding debts.Operating expenses totaled $300,000,and cost of goods sold was $500,000.What is the tax liability of Pearls,Inc.? 2013 U.S.Corporate tax rates are shown below: