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Elementary,Middle School,High School,College,University,PHD
| Teaching Since: | May 2017 |
| Last Sign in: | 402 Weeks Ago, 5 Days Ago |
| Questions Answered: | 66690 |
| Tutorials Posted: | 66688 |
MCS,PHD
Argosy University/ Phoniex University/
Nov-2005 - Oct-2011
Professor
Phoniex University
Oct-2001 - Nov-2016
Corporate Tax Liability
To complete the assignments listed below, refer to the Table 2-1.
The Talley Corporation had a taxable income of $390,000 from operations after all operating costs but before (1) interest charges of $78,000, (2) dividends received of $15,600, (3) dividends paid of $23,400, and (4) income taxes.
What are the firm's income tax liability and its after-tax income? Round your answers to two decimal places.
| Income tax liability | $ |
| After-tax income | $ |
What are the company's marginal and average tax rates on taxable income? Round your answers to two decimal places.
| Marginal tax rate | % |
| Average tax rate | % |
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