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Quantitative Problem: Andrews Corporation has income from operations of $243,000. In addition, it received interest income of $24,300 and received dividend income of $29,200 from
Quantitative Problem: Andrews Corporation has income from operations of $243,000. In addition, it received interest income of $24,300 and received dividend income of $29,200 from another corporation. Finally, it paid $9,200 of interest income to its bondholders and paid $47,300 of dividends to its common stockholders. The firm's federal tax rate is 21%. What is the firm's federal income tax? Do not round intermediate calculations. Round your answer to the nearest dollar
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