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The Talley Corporation had takeble operating income of $305,000 (Le., earnings from operating revenues minus all operating costs), Talley also had (2) interest charges 550,000

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The Talley Corporation had takeble operating income of $305,000 (Le., earnings from operating revenues minus all operating costs), Talley also had (2) interest charges 550,000 , (2) dividends recelved of 525,000, and (3) dividends paid of 540,000 . Its federal tax rate was 21\%, (lignore any possible state corporate taxes). Recall that 50\%4 of dividende recelved ore tax exempt. What is the texable income? fieund yout antwer to the neareat doliar What is the tax oxpense? Round your anwwers to the nearest dollac. 3 What is the after-tax income? Round your antwers to the nesrest dollian 1

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