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ANOTHER QSTION. The NOL corporation just received $420,000 as the dividend income of which only 30 % is taxed. If the applicable income tax rate
ANOTHER QSTION.
The NOL corporation just received $420,000 as the dividend income of which only 30 % is taxed. If the applicable income tax rate is 21% for the company, what is its after-tax dividend income? The NOL corporation just received $140,000 as the dividend income of which only 30 % is taxed and has the following cash flows: Operating income $550,000 Interest paid 50,000 Dividends paid 80,000 Interest received 60,000 If the applicable income tax rate is 21 percent (federal and state), what is the corporation's after tax incomeStep by Step Solution
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