a and b

The Dawg corporation has Gross Income of $3,450,000 not including Municipal Bond Interest of $50,000, and deductions of $600,000. Calculate Dawg's tax liability. A B D E 1 N Taxable Liability = | 4 5 6 7 8 9 10 The Dawg corporation owns 6% of Company A and 22% of Company B. Dividends received from Company A were $101,000 and from Company B were $212,000. If Dawg's "adjusted" taxable income is $2,000,000, calculate Dawg's taxable income after including the dividend information. A B D E 1 N Taxable income = 3 4 5 6 7 8 9 10