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

Chapman & Power Incorporated is concerned about the taxes paid by the company. In addition to $141,000,000 of taxable Income, the
firm recelved $18,500,000 of Interest on state-Issued bonds and $15,000,000 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 llability.
Note: Enter your answer In dollars not In milllons.
Tax liability
Calculate Chapman & Power's average tax rate.
Average tax rate
Calculate Chapman & Power's marginal tax rate.
%
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