8) PERSONAL TAXES Susan and Stan Britton are a married couple who ile a joint income tax return, where the tax rates are based on the tax tables presented in the chapter. Assume that their taxable income this year was $375,000. What is their federal tax liability? b. What is their marginal tax rate? c. What is their average tax rate? BALANCE SHEET Which of the following actions are most likely to directly increase cash as shown on a firm's balance sheet? Explain and state the assumptions that underlie your answer a. It issues $4 million of new common stock. b. It buys new plant and equipment at a cost of $3 million. c. It reports a large loss for the year d. It increases the dividends paid on its common stock. Electronics World Inc. paid out $22.4 million is total common dividends and reported $144.7 million of retained earnings at year-end. The STATEMENT OF STOCKHOLDERS' EQUITY ings were $ 95,5 million. What was the net income? Assume that al 8) PERSONAL TAXES Susan and Stan Britton are a married couple who ile a joint income tax return, where the tax rates are based on the tax tables presented in the chapter. Assume that their taxable income this year was $375,000. What is their federal tax liability? b. What is their marginal tax rate? c. What is their average tax rate? BALANCE SHEET Which of the following actions are most likely to directly increase cash as shown on a firm's balance sheet? Explain and state the assumptions that underlie your answer a. It issues $4 million of new common stock. b. It buys new plant and equipment at a cost of $3 million. c. It reports a large loss for the year d. It increases the dividends paid on its common stock. Electronics World Inc. paid out $22.4 million is total common dividends and reported $144.7 million of retained earnings at year-end. The STATEMENT OF STOCKHOLDERS' EQUITY ings were $ 95,5 million. What was the net income? Assume that al