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Corporate Tax Liability The Wendt Corporation reported $60 million of taxable income. Its federal cox rate was 21 in (ignore any possible state corporate taxas)

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Corporate Tax Liability The Wendt Corporation reported $60 million of taxable income. Its federal cox rate was 21 in (ignore any possible state corporate taxas) - a. What is the company's federal income tax bill for the yeac? Enber your answer in dollors. For example, an answer of 51.2million should be entered as 1,z00,000, Rlound your answer to the nearest doller 3. Assame the firm recelves an additional 54 milion of interest income from some bonds it owns. What is the additional tax on this interest income? Enter your antwer in dellars. For example, an answer of $1,2 milion should be entered as 1,200,000. found your answer to the nearest dellae. 4 C. Now assume that Wendt does not receive the interest income but does receive on ddditional $4 milion as dividends on some stock. it owns. Mecall that 50N of dividends received are tax exempt. What is the additional tax on this dividend income? Enter your anawer in doliars. For example, an answer ob 11.2 miltion thould be entered as 2,200,000, Round your answer to the nearest dollari 3

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