What are the firm marginal and average tax rates

Reference no: EM13301476

The Talley Healthcare System had a taxable income of $365,000 from operations after all operating costs but before (1) interest charges of $50,00, (2) dividends received of $15,000, (3) dividends paid of $25,000 and (4) income taxes.

a. What is the firm's income tax liability and its after-tax income?
b. What are the firm's marginal and average tax rates on taxable income?

Reference no: EM13301476

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