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Which is correct for the talley corporation

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Reference no: EM132950036

Problem 1: The Talley Corporation had a taxable income of $150,000 from operations after all operating costs but before (1) interest charges of $10,000 (2) dividends received of $10,000 (3) dividends paid of $25,000 and (4) income taxes. If a corporation's taxable income is between $100,000 and $335,000, it pays $22,250 on the base of the bracket plus 39% on the excess over the base. Which of the following is correct?

A. The company's average tax rate is 30% after rounding
B. The companies net income is 110,980
C. The company's taxable income is 143,000
D. The companies marginal tax rate is 39%
E. None of the above

Reference no: EM132950036

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