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Calculate the corporate income tax for ABC Corporation, if their Operating Income is 3 5 0 , 0 0 0 , Interest Income is 5

Calculate the corporate income tax for ABC Corporation, if their Operating Income is 350,000, Interest Income is 50,000, Dividend Income is 50,000, Interest Expense is 0, and Dividend Expense is 100,000. Assume the corporate tax rate is 25% and the dividend exemption rate is 50%.

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