Calvin Corporation, has the following items of income and expense for the current year. Calculate a) Calvin's taxable income and b) income tax liability. 
Definitions:
Information Technology
The use of computers, software, and networks for the storage, retrieval, transmission, and manipulation of data.
Operating Departments
The divisions or units within an organization directly involved in its core business operations, where the main activities for generating revenue take place.
Computer Workstations
High-performance computers designed for technical or scientific applications, often used in professional environments for tasks that require significant processing power.
Step-Down Method
An allocation method used in accounting to distribute overhead costs among different departments or cost centers, starting with the department that provides the highest level of service to others.
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