Hunt Taxidermy, Inc.. is concerned about the taxes paid by the company in 2021. In...
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Hunt Taxidermy, Inc.. is concerned about the taxes paid by the company in 2021. In addition to $42.0 million of taxable income, the firm received $2,980,000 of interest on state-issued bonds and $1,100,000 of dividends on common stock it owns in Oakdale Fashions. Inc. (Use corporate tax rate of 21 percent for your calculations.) Calculate Hunt Taxidermy's tax liability. (Enter your answer in dollars not in millions. Round your answer to the nearest dollar amount.) Calculate Hunt Taxidermy's average tax rate. (Round your answer to 2 decimal places.) Calculate Hunt Toxidermy's marginal tax rate
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