Calculate hunt taxidermy tax liability

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Question - Hunt Taxidermy, Inc., is concerned about the taxes paid by the company in 2015. In addition to $42.0 million of taxable income, the firm received $2,980,000 of interest on state-issued bonds and $1,100,000 of dividends on common stock it owns in Oakdale Fashions, Inc.

Calculate Hunt Taxidermy's tax liability.

Calculate Hunt Taxidermy's marginal tax rate.

Reference no: EM132173380

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