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The Carolina Corporation had a 20XX taxable income of $3,000,000 from operations after all operating costs but before interest charges of $500,000, dividends received of

The Carolina Corporation had a 20XX taxable income of $3,000,000 from operations after all operating costs but before interest charges of $500,000, dividends received of $75,000, dividends paid of $1,000,000, and income taxes. Using the tax schedule in Table 2.3, what is Carolina's income tax liability? What are Carolina's average and marginal tax rates on taxable income from operations? Multiple Choice $1,020,000, 34.00%, 34%, respectively $857,650, 28.59%, 34%, respectively $875,500, 29.18%, 34%, respectively $875,500, 34.00%, 34%, respectively

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