Score: 0.08 of 1 pt 6 of 7 complete) HW Score: 62.05%, 4.34 of 7 pe P1-9 (similar to) Question Help o Interest versus dividend income During the year just ended, Shering Distributors, Inc., had pretex coming from operations of $480,000. In addition during the year it received $23.000 in income from interest on bonds holding Manufacturing and received $23,000 in income from dividends on its 5% common stock holding in Tank Industries, Inc. Sharing is in the 40% tax bracket and is eligible for a 70% dividend exclusion on its Tank Industries stock a. Calculate the firm's tax on its operating earrings only . Find the tax and the wax amount tributable to the interest income from Zig Manufacturing bonds c. Find the tax and the worlax amount attributable to the dividend income from the Tank Industries, Inc. common stock d. Compare, contrast, and discuss the her tax amounts resulting from the interest income and dividend income calculated in parts bande .. What is the firm's total ability for the year? a. The tax on operating samnings is $12000. (Round to the nearest dolar) b. Complete the table below to compute the tax and the after-tax amount attributable to the interest income Round to the nearest dolar) 5 Interest income Before amount Les Applicable exclusion Tabimount Tax (40%) Aher-tax amount $ Enter any number in the edities and then click. Check Antwer parts Clear All Check Araw MacBook Pro 8C 39 BO F3 822 201 GA AF $ % I 1 2 3 4 5 6 7 8 9 0 dere W F n