Problem 2-8 Corporate Taxes (LG2-3) Chapman & Power Incorporated is concerned about the taxes paid by the company. In addition to $143,000,000 of taxable income, the firm received $19,500,000 of interest on state-issued bonds and $16,000,000 of dividends on common stock it owns in Hunt Taxidermy. (Use a corporate tax rate of 21 percent for your calculations.) Calculate Chapman & Power's tax liability. Note: Enter your answer in dollars not in millions. (x) The average tax rate is 21 % Calculate Chapman & Power's marginal tax rate.

Help me find the tax liability, please.