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To complete the assignments listed below, refer to the Table 2-1. The Talley Corporation had a taxable income of $335,000 from operations after all operating

To complete the assignments listed below, refer to the Table 2-1.

The Talley Corporation had a taxable income of $335,000 from operations after all operating costs but before (1) interest charges of $33,500, (2) dividends received of $16,750, (3) dividends paid of $13,400, 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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