Corporate Tax Liability To complete the assignments listed below, refer to the Table 2-1. The Talley Corporation had a taxable income of $325,000 from operations after all operating costs but before (1) interest charges of $32,500, (2) dividends received of $13,000, (3) dividends paid of $16,250, 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 %
Corporate Tax Liability To complete the assignments listed below, refer to the Table 2-1. The Talley Corporation had a taxable income of $325,000 from operations after all operating costs but before (1) interest charges of $32,500, (2) dividends received of $13,000, (3) dividends paid of $16,250, 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 %
Related questions
Corporate Tax Liability
To complete the assignments listed below, refer to the Table 2-1.
The Talley Corporation had a taxable income of $320,000 from operations after all operating costs but before (1) interest charges of $32,000, (2) dividends received of $19,200, (3) dividends paid of $19,200, 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 | % |
