Question: In this problem , what figures do I use to calculate after tax income? The Talley Corporation had a taxable income of $365,000 from operations

In this problem , what figures do I use to calculate after tax income?

The Talley Corporation had a taxable income of $365,000 from operations after all operating costs but before (1) interest charges of $50,000, (2) dividends received of $15,000, (3) dividends paid of $25,000, and (4) income taxes.

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