Cranberry Corporation has $3,444,000 of current year taxableincome. Use Corporate tax rate schedule.If the...Cranberry...

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Accounting

Cranberry Corporation has $3,444,000 of current year taxableincome. Use Corporate tax rate schedule.
If the current year is a calendar year ending on December 31,2017, calculate Cranberry's regular income tax liability.
If the current year is a calendar year ending on December 31,2018, calculate Cranberry’s regular income tax liability.
If the current year is a fiscal year ending on April 30, 2018,calculate Cranberry's regular income tax liability. (Do not roundintermediate calculations.)

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Corporate tax rate schedule20052017 Over But not over Tax is Of amount over 0 50000 15 0 50000 75000 7500 25 50000 75000 100000 13750 34 75000 100000 335000 22250 39 100000 335000 10000000 113900 34 335000 10000000 15000000 3400000 35 10000000 15000000 18333333 5150000 38 15000000 18333333 35 0 If the current year is a calendar year ending on december 312017 calculate cramberrys regular income tax liability As per above schedule upto 335000 taxable income the tax laibility See Answer

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In: AccountingCranberry Corporation has $3,444,000 of current year taxableincome. Use Corporate tax rate schedule.If the...Cranberry Corporation has $3,444,000 of current year taxableincome. Use Corporate tax rate schedule.If the current year is a calendar year ending on December 31,2017, calculate Cranberry's regular income tax liability.If the current year is a calendar year ending on December 31,2018, calculate Cranberry’s regular income tax liability.If the current year is a fiscal year ending on April 30, 2018,calculate Cranberry's regular income tax liability. (Do not roundintermediate calculations.)