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6. What is your corporation's tax liability if it has the following cash flows, assuming a marginal tax rate of 40% on all income? (Note:
6. What is your corporation's tax liability if it has the following cash flows, assuming a marginal tax rate of 40% on all income? (Note: No need to use Tax Table for this problem, but simply assume a tax rate of 40%)
Operating income $200,000
Interest received 20,000
Interest paid 50,000
Dividends received 70,000
Dividends paid 30,000
a. $76,400
b. 80,000
c. 83,600
d. 92,000
e. None of the above
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