What are firms income tax liability and after-tax income

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Reference no: EM131301431

Corporate Tax Liability To complete the assignments listed below, refer to the Table 2-1. The Talley Corporation had a taxable income of $365,000 from operations after all operating costs but before: (1) interest charges of $73,000, (2) dividends received of $21,900, (3) dividends paid of $21,900, 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 $ 99692.30 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 39 % Average tax rate 33.39 %

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Reference no: EM131301431

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