What are the firm income tax liability

Reference no: EM131959757

Question: To complete the assignments listed below, refer to the Table 2-1.

The Talley Corporation had a taxable income of $335,000 from operations after all operating costs but before (1) interest charges of $33,500, (2) dividends received of $16,750, (3) dividends paid of $13,400, 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 $

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 %

Average tax rate %

Reference no: EM131959757

Questions Cloud

Provides context for why you selected the research articles : Create an annotated bibliography that includes one-paragraph introduction that provides context for why you selected the research articles you did.

How do you compare debt financing : How do you compare equity financing between two companies using their annual statements? How do you compare debt financing?

What is the companys total book value of debt : Jiminy's Cricket Farm issued a bond with 10 years to maturity and a semiannual coupon rate of 10 percent 4 years ago.

Compounded the rate continuously rather than annually : How much additional interest could you have earned if you had compounded the rate continuously rather than annually?

What are the firm income tax liability : What are the firm's income tax liability and its after-tax income? Round your answers to two decimal places. Income tax liability $

What is its return on stockholders equity : What is its return on stockholders' equity? (Do not round intermediate calculations. Input your answer as a percent rounded to 2 decimal places.)

What is the present value of the bonds all coupon payments : If the bond has a maturity of 5 years, pays semi-annual coupons, and the current yield to maturity is 6%, what is the current market value of the bonds?

Explain the purpose and results of the models : Complete an internet or library search for an example of the application of Tornado or Bootstrap Analysis and share your findings.

Explain data collection methods strengths and limitations : Explain data collection method's strengths and limitations. Identify a potential ethical issue with this method and describe a strategy to address it.

User Account

All Pages