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The Talley Corporation had a taxable income of $330,000 from operations after all operating costs but before (1) interest charges of $33,000, (2) dividends received
The Talley Corporation had a taxable income of $330,000 from operations after all operating costs but before (1) interest charges of $33,000, (2) dividends received of $9,900, (3) dividends paid of $13,200, and (4) income taxes.
What are the firm's income tax liability and its after-tax income? Round your answers to two decimal places.
What are the company's marginal and average tax rates on taxable income? Round your answers to two decimal places.
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