Question 1

Consider the financial data in the following table. What is the taxable income? (This is not asking for the tax, but what is the amount of income that would be taxed.)

Before Tax Revenue:	$213,047
Loan Principal Payment:	$27,475
Loan Interest Payment:	$7,468
MACRS Depreciation	$30,044

Enter your answer as follows: 1234

Round your answer. Do not use a dollar sign ("$"), any commas (",") or a decimal point (".").

Question 2

Given the following cash flow, what is the amount of corporate income tax due:

Gross Revenue	$69,183
Depreciation	$5,537
Loan Principal Payments	$4,890
Loan Interest Payments	$2,126
Expenses	$1,610

Question 3

If a company has gross income of $354,568 and depreciation and expenses of $114,289, what is the marginal tax rate?

Enter your answer as 12

Do not use a percentage sign ("%") or a decimal point (".").

Question 4

If a company has gross income of $224,398 and depreciation and expenses of $11,711, what is the effective tax rate?

Enter your answer as 12.34

Round your answer to 2 decimal places. Do not use a percentage sign ("%").