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Hunt Taxidermy Inc is concerned about the taxes paid by the company in 2018 In addition to $12 5 million of taxable income the firm received $1250000 of interest on state issued bonds and

Hunt Taxidermy, Inc. is concerned about the taxes paid by the company in 2018. In addition to $12.5 million of taxable income, the firm received $1,250,000 of interest on state-issued bonds and $640,000 of dividends on common stock it owns in Oakdale Fashions, Inc. (Use Table 2.3.)

Calculate Hunt Taxidermy’s tax liability. (Enter your answer in dollars not in millions. Round your answer to the nearest dollar amount.)

Calculate Hunt Taxidermy’s average tax rate. (Round your answer to 2 decimal places.)

Calculate Hunt Taxidermy’s marginal tax rate.

May 18 2020 View more View Less

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