In Each of the Following Independent Situations, Determine the C

Essay

In each of the following independent situations, determine the C corporation's income tax liability. Assume that all corporations use a calendar year 2019. $\begin{array}{lr}&\text { Taxable } \\&\text { income }\\\text { Violet Corporation } & \$ 63,000 \\\text { Indigo Corporation } & 180,000 \\\text { Orange Corporation } & 510,000 \\\text { Blue Corporation } & 11,100,000 \\\text { Green Corporation (personal service } & 225,000 \\\text { corporation) } &\end{array}$