Question: The Talley Corporation had a taxable income of $415,000 from operations after all operating costs but before (1) interest charges of $41,500, (2) dividends received

The Talley Corporation had a taxable income of $415,000 from operations after all operating costs but before (1) interest charges of $41,500, (2) dividends received of $24,900, (3) dividends paid of $29,050, and (4) income taxes.

What are the firm's income tax liability and its after-tax income? Round your answers to the nearest cent.

Income tax liability	$
After-tax income	$

What are the company's marginal and average tax rates on taxable income? (Hint:the average tax rate is the average rate paid on all income.) Round your answers to two decimal places.

Marginal tax rate	%
Average tax rate	%

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