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Chapman & Power Incorporated is concerned about the taxes paid by the company. In addition to $140,000,000 of taxable income, the firm received $18,000,000 of

Chapman & Power Incorporated is concerned about the taxes paid by the company. In addition to $140,000,000 of taxable income, the firm received $18,000,000 of interest on state-issued bonds and $14,500,000 of dividends on common stock it owns in Hunt Taxidermy. (Use corporate tax rate of 21 percent for your calculations.) 1) Calculate Chapman & Powers tax liability. Note: Enter your answer in dollars not in millions. 2) Calculate Chapman & Power's Average Tax Rate 3) Calculate Chapman & Power's Marginal Tax Rate

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