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Interest versus dividend income. Last yoar, Shering Corporation had pretax oarnings of $491,000. in addition, during the year it receivod $25,000 in incomo form interest

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Interest versus dividend income. Last yoar, Shering Corporation had pretax oarnings of $491,000. in addition, during the year it receivod $25,000 in incomo form interest on bonds it held in Zig Manufacturing and recewed $25,000 in income from dividonds on its 6% common stock holding in Tank Industries, Inc. Shering taces a fat 21% exclusion on its Tark industries stock. a. Calculate the firm's tax on its operating eamings only. b. Find the tax and the afier-tax amount attributable to the interest income from Zg Manufacturing bonds. c. Find the tax and the after-tax amount attributable to the dividend income from the Tank industries, Inc, common stock. d. Compare, contrast, and discuss the ather-tax amounts resulting from the interest income and dividend income calculated in parts b. and c. e. What is the firm's total tax liabily for tho yoar? a. The thx on operating earnings is $ (Round to the nearost dollar)

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