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Pearls, Inc. had sales in 2013 ot $2.1 million. The common stockholders received $600,000 in cash dividends. Interest totaling $150,000 was paid on outstanding debts.
Pearls, Inc. had sales in 2013 ot $2.1 million. The common stockholders received $600,000 in cash dividends. Interest totaling $150,000 was paid on outstanding debts. Operating expenses totaled 300,000, and cost of goods sold was $500,000 6. Use a spreadsheet to calculate the tax liability of Pearls, Inc.? 2013 U.S. Corporate tax rates are shown below: Marginal Tax Rate 50,000 75,001-$100,000 100,001-$335.000 34%
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