Answer Happy

The Talley Corporation had taxable operating income of $365,000(i.e., earnings from operating revenues minus all operating costs).Talley also had (1) interest charges of $40,000, (2) dividendsreceived of $5,000, and (3) dividends paid of $15,000. Its federaltax rate was 21% (ignore any possible state corporate taxes).Recall that 50% of dividends received are tax exempt.
What is the firm’s taxable income? Round your answer to thenearest dollar.
$
What is the tax expense? Round your answers to the nearestdollar.
$
What is the after-tax income? Round your answers to the nearestdollar.
$