(Solved): Corporate Tax Liability The Talley Corporation had taxable opbating income of $400,000 (i.e., earnin ...

Corporate Tax Liability The Talley Corporation had taxable opbating income of

(i.e., earnings from operating revenues minus all coerating costs), Talley also Rad (1) interest charges of

dividends received of

, and (3) dividends paid of

. Tis federal tax rate mas grore any possible state corporate taxes). Recal that 50% of dividends received are tax exempt. What is the from's taxable income? Round your answer to the nearest chilar. 5

What is the tax expense? Round your answers to the nearest dollar. 5

47. at is the after-tax income? Round your answers to the nearest dollar. 5

63 Filde Feedlayek Partially Correct Check My Work (No more tries available)