Calculate the tax on capital gain and tax on dividend income

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Reference no: EM132768541

Zach Ltd. produced the following data for the year 2015 -

Interest Income $4,650,000

Capital Gain realized $50,000

Dividend Income from company's 25% ownership in XYZ Ltd. $65,000

Corporate tax rate 40%

Problem 1: Calculate the tax on Interest Income, tax on Capital Gain and tax on Dividend Income.

Reference no: EM132768541

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