Goodwin Enterprises had taxable income of $1,556,000. Calculate the resulting tax liability 8. Use the following tax rates: Income 0-$50,000 50, 001-$75,000 75, 001-$100, 000 100,001-$335,000 over $335,001 Tax rate 151 25% 349 39% 34% a. $267,240 b. $529,040 c. $607,580 d. $430,100 9. Refer to the above problem. What is Goodwin's average tax rate? a. b, C. d. 17.2% 34.0% 39.1% 27.6% 0. Which of the following items is part of the computation of net working capital? a. Accounts payable b. Fixed assets c. Interest expense d. Dividend payments 11. "Double taxation" refers to: A) all partners paying equal taxes on profits. B) corporations paying taxes on both dividends and retained earnings c) paying taxes on profits at the corporate level and dividends at the personal le D) the fact that marginal tax rates are doubled for corporations