Calculate the tax on Interest Income

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Reference no: EM132774916

Problem - Zach Ltd. produced the following data for the year 2015 -

Interest Income $4,650,000

Capital Gain realized $50,000

Dividend Income from company's 25% ownership in XYZ Ltd. $65,000

Corporate tax rate 40%

Required - Calculate the tax on Interest Income, tax on Capital Gain and tax on Dividend Income.

Reference no: EM132774916

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