In each of the following independent situations, determine the corporation’s

In each of the following independent situations, determine the corporation’s income tax liability. Assume that all corporations use a calendar year for tax purposes and that the tax year involved is 2014.
Taxable Income
Purple Corporation............ $ 65,000
Azul Corporation.............. 290,000
Pink Corporation.............. 12,350,000
Turquoise Corporation............ 19,000,000
Teal Corporation (a personal service corporation) 130,000
Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...