The following information is from Robin Hood Inc.

Advertising Expenses	$ (400,000)
Capital Gains	$ 150,000
Capital Losses (this year)	$ (200,000)
Capital Losses (prior year)	$ -
Cost of Goods Sold	$ (4,000,000)
Dividend "A" income	$ 200,000
Dividend "B" income	$ 100,000
Dividend "C" income	$ 50,000
General and Admin Expenses	$ (1,300,000)
Interest Expense	$ (500,000)
Sales	$9,000,000

1. In addition, Robin purchased equipment at the beginning of the year for $750,000. The equipment has a useful life and a salvage value of 14 years and $50,000 respectively.

2. Robin Hood Inc. has varying ownership interest in the 3 companies listed below and receives dividend income from each company.

Robin owns 15% of Company A

Robin owns 45% of Company B

Robin owns 90% of Company C

3. How much of Robins capital gains are taxable?
4. Calculate Robins interest expense deduction assuming the following:

Adjusted taxable income $ 35,000,000

Business interest income $ 1,000,000

Business interest expense $ 15,000,000

5. How much of the dividend income is taxable?

Assuming taxable income is $3,500,000, calculate Robins tax liability.