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Andrews Corporation has income from operations of $229,000

Accounting

Andrews Corporation has income from operations of $229,000. In addition, it received interest income of $22,900 and received dividend income of $30,100 from another corporation. Finally, it paid $11,800 of interest income to its bondholders and paid $47,100 of dividends to its common stockholders. Using the 2013 corporate tax schedule, what is the firm’s federal income tax? Round your intermediated and final answers to the nearest cent.

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