Question
Your corporation has the following cash flows: operating income $250000 interest received 10000 interest paid 45000 dividends received 20000 dividends paid 50000 if the tax
Your corporation has the following cash flows:
operating income $250000
interest received 10000
interest paid 45000
dividends received 20000
dividends paid 50000
if the tax rate is 40% and 70% of dividends are tax deductible, what is the corporation's tax liability?
| a. | $91,000 |
| b. | $100,000 |
| c. | $88,400 |
| d. | $106,000 |
| e. | $74,000 |
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MATLAB An Introduction With Applications
Authors: Amos Gilat
6th Edition
111938513X, 978-1119385134
