Question: Hi If someone could help the answer I have it not right could you please give explain detail how the number come from please. I

Hi If someone could help the answer I have it not right could you please give explain detail how the number come from please. I also attach the coperate tax rate as well. Thank so much in advance.

 Hi If someone could help the answer I have it not

Shimmer Inc. is a calendar-year-end, accrual method corporation. This year, it sells the following long-term assets Accumulated Sales Price Asset Cost Depreciation Building Sparkle Corporation stock 191,000 264,000 $697,000 $675,000 $49,500 n/a Shimmer does not sell any other assets during the year, and its taxable income before these transactions is $886,000. What are Shimmer's taxable income and tax liability for the year? Use Corporate Tax Rate Table. Answer is complete but not entirely Taxable income Tax liability s 883,0008 00,220 Corporate Income lax Rates Taxable Income Tax $50,000 $50,000-$75,000 $75,000-$100,000 $100,000-$335,000 $335,000-$10,000,000 $10,000,000-$15,000,000 $15,000,000-$18,333,333 Over $18,333,333 15% of the taxable income $7,500 + 25% of taxable income over $50,000 $13,750 + 34% of taxable income over $75,000 $22,250 + 39% of taxable income over $100,000 $113,900 + 34% of taxable income over $335,000 $3,400,000 + 35% of taxable income over $10,000,000 $5,150,000 + 38% of taxable income over $15,000,000 35% of the taxable income

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