Corporation pays interest payments

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Reference no: EM131014774

If a corporation pays interest payments of $900,000 to bondholders on debt it has, and its Earnings Before Interest and Taxes (EBIT) is $6,000,000, what is taxable income? $__________What is the tax due? $_________ What is the marginal tax rate? ___% What is the average tax rate? ___%

Reference no: EM131014774

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