Question: The Talley Corporation had a taxable income of PKR 635,000 from operations after all operating costs but before: interest charges of PKR 150,000, (2) dividends

The Talley Corporation had a taxable income of PKR 635,000 from operations after all operating costs but before: interest charges of PKR 150,000, (2) dividends received of PKR 105,000, (3) dividends paid of PKR 125,000, and (4) income taxes. What is the firms taxable income? What is it marginal tax rate? What is its tax expense? What is its after-tax income? What is the average tax rate based on taxable income? interest rate 40%

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