Question details

Corporate Tax Liability
$ 10.00

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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