The Following Summarizes Information Relating to Gonzalez Corporation's Operations for the Current
The following summarizes information relating to Gonzalez Corporation's operations for the current year. 
Required:
Compute the amount of taxes payable and income tax expense for Gonzalez Corporation.
Definitions:
Business Automobile
A vehicle owned and used by a company for business operations or activities.
Market Value
The current price at which an asset or service can be bought or sold, determined by supply and demand dynamics in open markets.
Market Value
The current market valuation at which you can buy or sell a service or asset.
List Price
The advertised or published price of a product or service before any discounts, allowances, or rebates are applied.
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