Assume B Corporation  has $375,000 of Ordinary Income from its operations, $75,000 of interest received from its investments on bonds from Z firm. Also, it received $50,000 of dividends from a investment on stocks on Y Corporation, having an ownership of 33% on that firm.

Find:

Taxable income

Tax liability 

Average tax rate 

Marginal Tax rate and Marginal Income 

Any exclusions from its received income ?

Any deductions from the information provided above ?

Answer rating: 100% (QA)

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