Corporation tax liability by corporate tax rate structure

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Reference no: EM131010431

The William B. Waugh Corporation is a regional Toyota dealer. The firm sells new and used trucks and I actively involved in the parts business. During the most recent year, the company generated sales of 3.07 million. The combined cost of goods sold and the operating expenses were 2.09 million. Also 413,000 in interest expense was paid during the year. Calculate the corporation’s tax liability by using the corporate tax rate structure.

Reference no: EM131010431

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