What are the firms income tax liability and its after-tax


Corporate Tax Liability To complete the assignments listed below, refer to the Table 2-1. The Talley Corporation had a taxable income of $390,000 from operations after all operating costs but before (1) interest charges of $78,000, (2) dividends received of $23,400, (3) dividends paid of $19,500, 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 %

Request for Solution File

Ask an Expert for Answer!!
Financial Management: What are the firms income tax liability and its after-tax
Reference No:- TGS02610902

Expected delivery within 24 Hours