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QUESTION
ABC company had a taxable income of $508,214 from operations after all operating costs but before interest charges of $50,673, dividends received of
ABC company had a taxable income of $508,214 from operations after all operating costs but before interest charges of $50,673, dividends received of $49,352, dividends paid of $10,000, and income taxes. What is the firm's after-tax income?Hint: first use the tax table to compute taxes before calculating the after-tax income.
