The Talley Corporation ha

The Talley Corporation ha

The Talley Corporation had a taxable income of $405,000 from operations after all operating costs but before (1) interest charges of $81,000, (2) dividends received of $24,300, (3) dividends paid of $28,350, and (4) income taxes.What are the firm’s income tax liability and its after-tax income? Round your answers to two decimal places.

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