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.
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 %