2. Assume B Corporation has $1,800,000 of Ordinary income from its operations, $220,000 of interest received from its investments on bonds from Z firm. Also, it received $120,000 of Dividends from an investment on stocks on Y Corporation, having an ownership of 28% on that firm.

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?