In its most recent financial statements, Newhouse Inc reported 50 million of net income and 810 million of retained earnings. The previous retained earnings were 780 million. How much in dividends was paid to shareholders during the year?
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.
What are the firm's income tax liability and its after tax income? What are the company's marginal and average tax rates on taxable income?© BrainMass Inc. brainmass.com June 4, 2020, 1:07 am ad1c9bdddf
The solution discusses Newhouse, Inc. dividends and Tally Corp's tax liability, income, and tax rates.