The wendt corporation had 105 million of taxable income

Reference no: EM13480338

The wendt corporation had $10.5 million of taxable income Assume the firm received an additional $1 millon of interest income frome some bonds it owns, what is the tax on the interest income? Now assume that Wendt Corporation does not receive the interest income but receives an additional $ 1 million as dividends on some stock it owns, What is the tax on this dividend income?

Reference no: EM13480338

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