The following information is available for Briner Corporation for the
current tax year ended December 31:
Revenues from sales
Cost of goods sold
Operating expenses
Taxable income
$8,000,000
(4,000,000)
(2,000,000)
$2,000,000
The tax liability for Briner's current tax year ended December 31 is
A $420,000
B $500,000
C $400,000
D $0