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4. Last year the Selling Corporation had Earnings before interest and taxes equal to $1,000,000. It paid $200,000 in dividends to its stockholders and $100,000

4. Last year the Selling Corporation had Earnings before interest and taxes equal to $1,000,000. It paid $200,000 in dividends to its stockholders and $100,000 interest to its bondholders. During the year, the company also received dividends worth $150,000 from investment in another companys shares. Calculate the Selling Corporations Tax liability.

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