answer question no 3

Question 1. (6 points) Corporate Tax Rate Schedule Tax Calculation Base Tax +(Marginal Tax amount over base bracket) Range of Taxable Income (5) 0 to 50,000 0 + (15% amount over) 50,000 10 75.000 7.500 75.000 to 13.750 + (25% amount over 50,000) +(34% amount over 75,000) + (39% amount over 100,000) 100,000 so 315.000 to 100,00 335,00 10,000,000 15,000,000 18,333,333 113.900 3,400,000 10.000.000 to + (34% amount over 335,000) +(35% amount over 10,000,000) + (38% amount over 15.000.000) 15.000.000 lo 5.150,000 over 18,333333 6.416,667 + (35%* amount over 18,333,333) Required: Calculate total tax due, average tax rate, and after-tas carnings for following levels of corporate camins before taxes: 1.580.000 1.5280,000: c. 51.600.000 Question 2 (6 points): Calculation of EPS and retained earnings Philagem, Inc., ended 2019 with a net profit before taxes of $1,700,000. The company is subject to a 40% tax rate and must pay $152,000 in preferred stock dividends before distributing any earings on the 155,000 shares of common stock currently outstanding .. Calculate Philagen's 2019 earnings per shure (EPS) 6. If the fim paid common stock dividends of 53.80 per share, how many dollars would go to retained camnings? Question 3 (6 points): Funding your retirement You plan to retire in exactly 10 years. Your goal is to create a fand that will allow you to receive $30,000 at the end of each year for the 20 years between retirement and death (a psychic told you would die exactly 20 years after you retire). You know that you will be able to earn 10% per year during the 30-year retirement period. a. How large a fund will you need when you retire in 20 years to provide the 30-year. $20,000 retirement annuity? b. How much will you need todas as a single amount to provide the fund calculated in part a if you cam only 8% per year during the 10 years preceding retirement