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What is the after-tax income-the talley corporation

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The Talley Corporation had taxable operating income of $335,000. Talley also had 1) interest charges of $50,000, 2) dividends received of $25,000, and 3) dividends paid of $30,000. Its federal tax rate was 1%. Recall that 50% of dividends received are tax exempt.

What is the after-tax income?

Got the firm's taxable income at $197,500 and tax expense at $62,475. I am stuck on the after-tax income section.

Reference no: EM132757918

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What is the after-tax income-the talley corporation : Got the firm's taxable income at $197,500 and tax expense at $62,475. I am stuck on the after-tax income section.
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