Solution-Calculate the corporation tax liability

Calculate the corporation tax liability

Reference no: EM131402399

Sandersen Inc. sells minicomputers. During the past year, the company's sales were $3.12 million. The cost of its merchandise sold came to $1.87 million, and cash operating expenses were $320,000; depreciation expense was $96,000, and the firm paid $149,000 in interest on its bank loans. Also, the corporation paid $20 comma 00020,000 in the form of dividends to its own common stockholders. Calculate the corporation's tax liability by using the corporate tax rate structure in the popup window.

Reference no: EM131402399

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Calculate the corporation tax liability : Also, the corporation paid $20 comma 00020,000 in the form of dividends to its own common stockholders. Calculate the corporation's tax liability by using the corporate tax rate structure in the popup window.

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Calculate the corporation tax liability

Reference no: EM131402399

Reference no: EM131402399

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