Corporate Tax Liability

The Talley Corporation had a taxable income of $370,000 from operations after all operating costs but before (1) interest charges of $74,000, (2) dividends received of $14,800, (3) dividends paid of $14,800, and (4) income taxes.

What are the firm's income tax liability and its after-tax income? Round your answers to two decimal places.

Income tax liability= $

After-tax income = $

What are the company's marginal and average tax rates on taxable income? Round your answers to two decimal places.

Marginal tax rate= %

Average tax rate= %

Corporate Tax Liability The Talley Corporation had a taxable income of $370,000 from operations after all operating costs but before (1) interest charges of $74,000, (2) dividends received of $14,800, (3) dividends paid of $14,800, and (4) income taxes. What are the firm's income tax liability and its after-tax income? Round your answers to two decimal places. Income tax liability= $ After-tax income = $ What are the company's marginal and average tax rates on taxable income? Round your answers to two decimal places. Marginal tax rate= % Average tax rate= %