Question: Problem 1 1 - 1 7 ( Algo ) [ LO 1 1 - 4 ] In each of the following cases, compute the corporation's

Problem 11-17(Algo)[LO 11-4]
In each of the following cases, compute the corporation's regular tax: Use 2017 tax rate schedule if needed.
Required:
a. Silva Corporation has $174,000 taxable income for its tax year ended December 31,2017.
b. Goyal Corporation has $174,000 taxable income for its tax year ended December 31,2018.
c. Carver Corporation has $174,000 taxable income for its tax year ended October 31,2018.
Note: Do not round intermediate calculations. Round your final answer to nearest whole dollar.
\table[[,Corporation's Regular Tx],[a.,-],[b.,],[c.,]]
\table[[If taxable income is,The tax is],[Not over $50,000,15% of taxable income],[Over $50,000 but not over $75,000,$7,500+25% of the excess over $50,000

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