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Your corporation has the following cash flows: Operating Income 275,000 Interest Received 15,000 Interest Paid 45,000 Dividends Received 40,000 Dividends Paid 50,000 Assuming a 25%
Your corporation has the following cash flows:
| Operating Income | 275,000 |
| Interest Received | 15,000 |
| Interest Paid | 45,000 |
| Dividends Received | 40,000 |
| Dividends Paid | 50,000 |
Assuming a 25% state-plus-federal tax rate, what is the taxable income and tax liability?
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Bank Strategy, Governance And Ratings
Authors: P. Molyneux
3rd Edition
0230313345, 9780230313347
