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Hunt Taxidermy, Inc., is concerned about the taxes paid by the company in 2015. In addition to $42.1 million of taxable income, the firm received
Hunt Taxidermy, Inc., is concerned about the taxes paid by the company in 2015. In addition to $42.1 million of taxable income, the firm received $2,985,000 of interest on state-issued bonds and $1,200,000 of dividends on common stock it owns in Oakdale Fashions, Inc. (UseTable 2.3) |
Calculate Hunt Taxidermys tax liability.(Enter your answer in dollars not in millions. Round your answer to the nearest dollar amount.) |
Tax liability | $ |
Calculate Hunt Taxidermys average tax rate. |
Average tax rate | % |
Calculate Hunt Taxidermys marginal tax rate. |
Marginal tax rate | % |
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