What are the company marginal and average tax rates

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Question - The Talley Corporation had a taxable income of $345,000 from operations after all operating costs but before (1) interest charges of $69,000, (2) dividends received of $10,350, (3) dividends paid of $17,250, and (4) income taxes.

What are the firm's income tax liability and its after-tax income? Round your answers to two decimal places.

What are the company's marginal and average tax rates on taxable income? Round your answers to two decimal places.

Reference no: EM132104356

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