A corporation has a taxable income of $2,302,253.  At this income level, the federal income rate is 49%, the state tax rate is 20%, and the local tax rate is 13%.  If each tax rate is applied to the the total taxable income, the company would have to pay $2,302,253 * 0.49 in federal taxes.  Luckily for the corporation, the taxes paid are deducted as described above.  How much is paid in federal taxes if the customary deductions are taken into consideration?

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