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Griffey Communications recently realized90 000 in operating income. The company had interest income o corporate tax schedule below, what is Griffey's tax liability? $25,000 and
Griffey Communications recently realized90 000 in operating income. The company had interest income o corporate tax schedule below, what is Griffey's tax liability? $25,000 and realized $70,000 in dividend income The company's interest expense was $40,000 Using the 15% Up to $50,000 50,000-$75,000 75,000-$100,000 $100,000-$335,000 335,000-$10,000,000 $10,000,000-$15,000,000 $15,000,000-$18,333,333 Over $18,333,333 22,250 113,900 3,400,000 5,150,000 6,416,667 35 35 Assume a 70% dividend exclusion for tax on dividends. a. $16,921 O b. $20,890 O c. $19,428 d. $18,383 O e. $21,308
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