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


The Talley Corporation had a taxable income of $300,000 from operations after all operating costs but before (1) interest charges of $60,000, (2) dividends received of $12,000, (3) dividends paid of $24,000, 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 $

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Financial Management: What are the firms income tax liability and its after-tax
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