DO NOT ATTEMPT if it will not be correct. I will report.

1) What is Jackon's taxable gains?

b) What is Jackson's taxable income?

c) What are Jackson's marginal and average tax rates?

d) What is Jackson's net cash flow after tax?

Jackson Heating& Air Company had sales revenue of $2,250,000 from operations during tax-year 1. Some operating data on the company for that year are given in the table. The corporate tax rate is 21% Click t1 O More Info (a) What a Jackson's t (b) What is Jackson's t Labor expenses Materials costs Depreciation expenses Interest income on time deposit Bond interest income (nonoperating income) Interest expenses Rental expenses Proceeds from sale of old equipment $550,000 $385,000 $132,500 $6,000 $4,000 $22,200 $45,000 with a book value of $20,000 $23,000