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Andrews Corporation has income from operations of $250, 000. In addition, it received interest income of $25,000 and received dividend income of $30,300 from another
Andrews Corporation has income from operations of $250, 000. In addition, it received interest income of $25,000 and received dividend income of $30,300 from another corporation. Finally, it paid $10,200 of interest income to its bondholders and paid $45,900 of dividends to its common stockholders. Using the 2013 corporate tax schedule, what is the firm's federal income tax? Round your intermediated and final answers to the nearest cent
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