Problem - Corporate Tax Liability To complete the assignments listed below, refer to the Table 2-1. The Talley Corporation had a taxable income of $110,000 from operations after all operating costs but before (1) interest charges of $31,000, (2) dividends received of $15,500,(3) dividends paid of $18,600, and (4) income taxes What are the firm's income tax ability and its after tax income Round your answers to two decimal places Income tax liability $ 03873.50 Alter tax income $ 189776.50 What are the company's marginal and average tax rates on income? Round your answers to two decimal places Marginal tax rate 39 Average tax rate 33.09 % Hide Feedback