2. Assume A Corporation has $1,990,000 of Ordinary income from its operations, $55,000 of interest received from its investments on bonds from Z firm. A Corp also received a sale of a financial asset for the amount of $110,000, which originally purchased years ago at a price of $75,000. (6 points)

Find: 1. Taxable Income

2. Tax Liability

3. Average Tax Rate

4. Marginal Tax Rate and Marginal Income

5. Any exclusions from its received income?

6 . Any deductions from the information provided above?