The william
b. waugh corporation is a regional toyota dealer. the firm sells new and used trucks and is actively involved in the parts business. during the most recent year, the company generated sales of $ 3.09$3.09 million. the combined cost of goods sold and the operating expenses were $2.122.12 million. also, $376 comma 000376,000 in interest expense was paid during the year. calculate the corporation's tax liability by using the corporate tax rate structure in the popup window,