2013 Corporate Tax Rates If Your Taxable Income Is You Pay This Amount on the Base of the Bracket Plus This Percentage on the Excess over the Base (Marginal Rate) Average Tax Rate at Top of Bracket Up to $50,000 $0 15.0% 15.0% $50,000 - $75,000 7,500 25.0 18.3 $75,000 - $100,000 13,750 34.0 22.3 $100,000 - $335,000 22,250 39.0 34.0 $335,000 - $10,000,000 113,900 34.0 34.0 $10,000,000 - $15,000,000 3,400,000 35.0 34.3 $15,000,000 - $18,333,333 5,150,000 38.0 35.0 Over $18,333,333 6,416,667 35.0 35.0 Quantitative Problem: Andrews Corporation has income from operations of $228,000. In addition, it received interest income of $22,800 and received dividend income of $30,100 from another corporation. Finally, it paid $10,500 of interest income to its bondholders and paid $44,400 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. $