Question
The Talley Corporation had a taxable income of $250,000 from operations after all operating costs but before (1) interest charges of $10,000, (2) dividends received
The Talley Corporation had a taxable income of $250,000 from operations after all operating costs but before (1) interest charges of $10,000, (2) dividends received of $10,000, (3) dividends paid of $25,000, and (4) income taxes. if a corporation taxtable income is between 100,000 and 335,000 , it pays 22,250 on the base of the bracket plus 39%on the excess over the base . which of the following is not correct?
A) the company marginal tax rate is 39%
B) the company average tax rate is 32.10%
c) the company taxable income is 243,000
D) the company net income is 164,980
E) total taxes paid by the company is 78,020
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