Builtrite had sales of $800,000 and COGS of $280,000. In addition, operating expenses were calculated at 30% of sales. Builtrite also received dividends of $80,000 and paid out common stock dividends of $40,000 to its stockholders. A long-term capital gain of $60,000 was realized during the year along with a capital loss of $70,000 What is Builtrite's taxable income? Builtrite has taxable income of $140,000. Based on their taxable income, calculate Builtrite's tax liability using the tax chart. Assuming Builtrite had taxable income of $12,000,000. If Builtrite had $50,000 in interest expense, how much would this interest expense cost Builtrite after taxes? On Builtrite's balance sheet for the previous year, retained earnings equaled $800,000. This year Builtrite had net profits after tax of $350,000 before paying out $100,000 in dividends to its common stockholders and $50,000 to its preferred stockholders. What is the new level of retained earnings for Builtrite? Builtrite had net profits after tax of $600,000. Builtrite also paid a common stock dividend of $90,000 and a preferred stock dividend of $60,000. What are the EACS (earnings available to the common stockholder)? Corporate Tax Rate Schedule Taxable Income $0 - $50,000 50,001- 75,000 75,001 - 100,000 100,001 - 335,000 335,001 - 10,000,000 10,000,001 - 15,000,000 15,000,001 - 18,333,333 More than 18,333,333 Tax $0 7,500 13,750 22,250 113,900 3,400,000 5,150,000 6,416,667 Plus 15% 25% 34% 39% 34% 35% 38% 35% Amount Over $0 $50,000 $75,000 $100,000 $335,000 $10,000,000 $15,000,000 $18,333,333