Assume A Corporation has $650,000 of Ordinary income from its operations, $125,000 of interest received from its investments on bonds from C firm. Also, it received $80,000 of Dividends from an investment on stocks on B Corporation, having an ownership of 18% on that firm.

(USA regulations)

Find:

1. Taxable Income
2. Tax Liability
3. Average Tax Rate
4. Marginal Tax Rate and Marginal Income
5. Any exclusions from its received income?
6. . Any deductions from the information provided above?

Tax calculation Range of taxable income Base tax + (Marginal rate X amount over base bracket) $ 0 to $ 50,000 $ 0 + (15% X amount over $ 0) 50,000 to 75,000 7,500 + 125 X amount over 50,000) 75,000 to 100,000 13,750 + (34 X amount over 75,000) 100,000 to 335,000 22,250 + (39 X amount over 100,000) 335,000 to 10,000,000 113,900 + 34 X amount over 335,000) 10,000,000 to 15,000,000 3,400,000 + (35 X amount over 10,000,000) 15,000,000 to 18,333,333 5,150,000 + (38 X amount over 15,000,000) Over 18,333,333 6,416,667 + (35 X amount over 18,333,333)