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The Costanza Corporation had the following transactions last year: Operating income $775,000 Interest received 27,000 Interest paid 107,000 Dividends received 65,000 Dividends paid 35,000 Assuming
The Costanza Corporation had the following transactions last year: Operating income $775,000 Interest received 27,000 Interest paid 107,000 Dividends received 65,000 Dividends paid 35,000 Assuming the state + federal tax rate of 25%, calculate Costanza's Taxable Income, Tax Liability and After-Tax Income
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