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The Talley Corporation had a taxable income of $345,000 from operations after all operating costs but before (1) interest charges of $34,500, (2) dividends received
The Talley Corporation had a taxable income of $345,000 from operations after all operating costs but before (1) interest charges of $34,500, (2) dividends received of $17,250, (3) dividends paid of $20,700, and (4) income taxes.
What are the firm's income tax liability and its after-tax income? Round your answers to two decimal places.
Income tax liability | $ |
After-tax income | $ |
What are the company's marginal and average tax rates on taxable income? Round your answers to two decimal places.
Marginal tax rate | % |
Average tax rate | % |
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