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The Wendt Corporation had $10.5 million of taxable income. a. What is the companys federal income tax bill for the year? b. Assume the firms

The Wendt Corporation had $10.5 million of taxable income. a. What is the companys federal income tax bill for the year? b. Assume the firms receives an additional $1 million of interest income from some bonds it owns. What is the additional tax income on this interest income? c. Now assume the Wendt does not receive the interest income but does receive an additional $1 million as dividends on some stock it owns. What is the additional tax on this dividend income?

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