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The Talley Corporation had taxable operating income of $ 3 1 5 , 0 0 0 ( i . e . , earnings from operating
The Talley Corporation had taxable operating income of $ie earnings from operating revenues minus all operating costs Talley also had interest charges of $ dividends received of $ and dividends paid of $ Its federal tax rate was ignore any possible state corporate taxes Recall that of dividends received are tax exempt.
What is the taxable income? Round your answer to the nearest dollar.
$
What is the tax expense? Round your answers to the nearest dollar.
$
What is the aftertax income? Round your answers to the nearest dollar.
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