Your Corporation Has the Following Cash Flows

question 50

Multiple Choice

Your corporation has the following cash flows:
Operating income:$250,000
Interest received:10,000
Interest paid:45,000
Dividends received:20,000
Dividends paid:50,000
If 70 percent of dividends received are excludable,and if the applicable tax table is as follows,
What is the corporation's tax liability?

• A) $57,530
• B) $65,350
• C) $69,440
• D) $88,350
• E) $100,280

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