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Water Systems Technology, Inc. is a 'C' corporation that pays taxes on its net profits according to the following schedule: 15% of the first $50,000 - 25% of the next $25,000 - 34% of the next $25,000 - 39% of the next $235,000 - The firm's net taxable income for last fiscal year was $274,200. What is its corporate tax liability for that period?

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Water Systems Technology, Inc. is a 'C' corporation that pays taxes on its net profits according to the following schedule: 15% of the first $50,000 - 25% of the next $25,000 - 34% of the next $25,000 - 39% of the next $235,000 - The firm's net taxable income for last fiscal year was $274,200. What is its corporate tax liability for that period?






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