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solina solina
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7 years ago
Pearls, Inc. had sales in 2015 of $2.1 million. The common stockholders received $600,000 in cash dividends.  Interest totaling $150,000 was paid on outstanding debts. Operating expenses totaled $300,000, and cost of goods sold was $500,000.  What is the tax liability of Pearls, Inc.? 2013 U.S. Corporate tax rates are shown below:

Taxable Income   Marginal Tax Rate
$0-$50,000   15%
$50,001-$75,000   25%
$75,001-$100,000   34%
$100,001-$335,000   39%
$335,001-$10,000,000   34%
$10,000,001-$15,000,000   35%
$15,000,001-$18,333,333   38%
Over $18,333,333   35%
Textbook 
Financial Management: Principles and Applications

Financial Management: Principles and Applications


Edition: 13th
Authors:
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Heavy Heart Thank you bio-forums! Heavy Heart
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David_hessDavid_hess
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7 years ago
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solina Author
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7 years ago
Simple and easy, thank u
Heavy Heart Thank you bio-forums! Heavy Heart
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