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Chapman & Power Incorporated is concerned about the taxes paid by the company. In addition to $ 1 4 2 , 0 0 0 ,

Chapman & Power Incorporated is concerned about the taxes paid by the company. In addition to $142,000,000 of taxable income,
the firm received $19,000,000 of interest on state-issued bonds and $15,500,000 of dividends on common stock it owns in Hunt
Taxidermy. (Use corporate tax rate of 21 percent for your calculations.)
Calculate Chapman & Power's tax liability.
Note: Enter your answer in dollars not in millions.
Calculate Chapman & Power's average tax rate.
Average tax rate
Calculate Chapman & Power's marginal tax rate.
Marginal tax rate
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