Corporate Tax Liability

To complete the assignments listed below, refer to the Table 2-1.

The Talley Corporation had a taxable income of $390,000 from operations after all operating costs but before (1) interest charges of $78,000, (2) dividends received of $15,600, (3) dividends paid of $23,400, and (4) income taxes.

What are the firm's income tax liability and its after-tax income? Round your answers to two decimal places.

Income tax liability$After-tax income$

What are the company's marginal and average tax rates on taxable income? Round your answers to two decimal places.

Marginal tax rate%Average tax rate%