Pearls, Inc. had sales in 2015 of $2.1 million. The common stockholders received $600,000 in cash dividends. Interest totaling $150,000 was paid on outstanding debts. Operating expenses totaled $300,000, and cost of goods sold was $500,000. What is the tax liability of Pearls, Inc.? 2013 U.S. Corporate tax rates are shown below:

Question

Pearls, Inc. had sales in 2015 of $2.1 million. The common stockholders received $600,000 in cash dividends. Interest totaling $150,000 was paid on outstanding debts. Operating expenses totaled $300,000, and cost of goods sold was $500,000. What is the tax liability of Pearls, Inc.? 2013 U.S. Corporate tax rates are shown below:
Pearls, Inc. had sales in 2015 of $2.1 million. The common stockholders received $600,000 in cash dividends. Interest totaling $150,000 was paid on outstanding debts. Operating expenses totaled $300,000, and cost of goods sold was $500,000. What is the tax liability of Pearls, Inc.? 2013 U.S. Corporate tax rates are shown below:

Quizplus · Accepted Answer

The Answer of Pearls, Inc. had sales in 2015 of $2.1 million. The common stockholders received $600,000 in cash dividends. Interest totaling $150,000 was paid on outstanding debts. Operating expenses totaled $300,000, and cost of goods sold was $500,000. What is the tax liability of Pearls, Inc.? 2013 U.S. Corporate tax rates are shown below: