About the corporate tax liability

Assignment Help Financial Management

Reference no: EM13890660

Corporate Tax Liability

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

The Talley Corporation had a taxable income of $405,000 from operations after all operating costs but before (1) interest charges of $81,000, (2) dividends received of $12,150, (3) dividends paid of $32,400, 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 %

Reference no: EM13890660

Questions Cloud

User to enter a hexadecimal value : Write a C++ program that prompts the user to enter a hexadecimal value, multiplies it by ten, then displays the result in hexadecimal. Your main function should a) declare a char array, b) call the readLn function to read from the keyboard, c) call a..

The principal repayment portion : You plan to purchase a $ 250,000 house using a 15-year mortgage obtained from your local bank. The mortgage rate offered to you is 3.75%. You will make a down payment of 20% of th epurchase price. Which of the following is correct? The principal repa..

Description forensic psychology contributions to police work : a description of two forensic psychology contributions to police work. Then, evaluate the impact of each contribution to the field of police work. Be specific and provide examples.

What is the company net income : The Moore Corporation had operating income (EBIT) of $350,000. The company's depreciation expense is $70,000. Moore is 100% equity financed, and it faces a 35% tax rate. What is the company's net income?

About the corporate tax liability : The Talley Corporation had a taxable income of $405,000 from operations after all operating costs but before (1) interest charges of $81,000, (2) dividends received of $12,150, (3) dividends paid of $32,400, and (4) income taxes. What are the firm's ..

What was your biggest strength as a critical thinker : What was your biggest strength as a critical thinker at the beginning of the class? What is it now? Has it changed? Why or why not?

Complete a policy manual for a fictional company : Complete a policy manual for a fictional company. Here is the only information provided about the company. Each week we have to write a section. This weeks section is on Diversity, FMLA, and Compensation.

Present value of the monthly saving is less that points paid : You plan to purchase a house for 250,000 using a 15-year mortgage obtained from your local bank. You will make a down payment of 20% of the purchase price and monthly payments. You will not pay off the mortgage early. Your bank offers you the followi..

Clearly define the concept of astroturfing : Clearly define the concept of astroturfing. Research an example of astroturfing on your own (don't use "Fix the Debt"). For the example you choose, explain to the best of your ability: What industry or industry group was involved

User Account

All Pages