What is the firm income tax liability

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ABC company had a taxable income of $207,422 from operations after all operating costs but before interest charges of $56,901, dividends received of $46,348, dividends paid of $5,000, and income taxes. What is the firm's income tax liability? Hint: use the tax table to compute taxes. Note: Enter your answer rounded off to two decimal points. Do not enter $ in the answer box. For example, if your answer is $12.345 then enter as 12.35 in the answer box.

Reference no: EM13272113

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