(Answered):Math Taxes Question . . . .

Question Description

Webster, Inc. has the following items of income and expense for 2016m its first year of operations. Webster began operation on April 1 and uses a calendar year end.

Gross receipts from sale $1,391,222
Charitable contributions $15,000
Employment taxes $10,250
Interest expense $30,000
Organizational costs $52,600
Office rent expense $31,000
Real estate taxes $15,600
Utilities expense $11,300
Wage expense $93,540

In addition to these items, Webster purchased machinery and equipment costing $1,430,000 and furniture costing $112,000 on April 9, 2016, and a warehouse costing $190,000 on May 2, 2016.

Webster wants to minimize its