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3-5 (similar to) Question Help Corporate income tax) Last year Sanderson, Inc had sales of $39 milion. The firm's cost of goods sold came to
3-5 (similar to) Question Help Corporate income tax) Last year Sanderson, Inc had sales of $39 milion. The firm's cost of goods sold came to $2.5 milion, its operating expenses excluding depreciation of S105,000 were 5391.000, and the firm paid 148.000 in Interest on its bank loans Also, the corporation received 518,000 in dividend income from a company in which it owned as than 20 percent of its shares) but paid $20,000 in the form of dividends to its own commc tockholders Use the corporate tax rates shown in the popup window, to calculate the corporation's tax ability What are the firm's average and marginal tax rates? The firm's tax liability for the year Round to the nearest dollar) 3-5 (similar to) Question Help Corporate income tax) Last year Sanderson, Inc had sales of $39 milion. The firm's cost of goods sold came to $2.5 milion, its operating expenses excluding depreciation of S105,000 were 5391.000, and the firm paid 148.000 in Interest on its bank loans Also, the corporation received 518,000 in dividend income from a company in which it owned as than 20 percent of its shares) but paid $20,000 in the form of dividends to its own commc tockholders Use the corporate tax rates shown in the popup window, to calculate the corporation's tax ability What are the firm's average and marginal tax rates? The firm's tax liability for the year Round to the nearest dollar)
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