90.2K

Verified Solution

Link Copied!

need help asap!

C. CNLCUMAIONSECIIN Instestions In this section, plensenoninl entenletlens. Partal erodit will be given wherever possible, when your caleulations are phrm and they are completed conectly. 33. - 35. Ingome Ambyin for Comonte Byilness a. Boked Freah Daily, Ine. is a chain of bekeries that is organized as a corporntion and operates in the upper Midwesten states. During the cuncest year, the busincss reallized a "Pre-Tax lacome" of 8,750,000. 1. Using the 21% corponte tax rute specified in the "Tax Cuts and Jobs Act of 2017 , calculnte the tax thability for Balked Fresh Daily, Inc, for the current year. 2. Celeulate the "After-Trx Beninge" for Baked Freeh Dully, Ine. 3. Asame that Baked Freeh Dally, Ine, has 750,000 shares of commen stock outstanding and that the fim paid a "dividend per share" of 50.55 during the curreat year. What is the value of the total fividendanald to the commoa ahareboldens of Baked Freah Delly, the, during the current year? a. Based on tho total divideads pald to the common ahareholdes that you calculated, what is the value of the esminestht Bnked Freeh Drilk. Inow mithined for future lavectmest duing the current year? 4. What is the averng ineome tax rate applicable to Baked Freah Daily, Inc. during the curreat yen? 5. What was the marrinal income tax rate applicable to Baked Freah Daily, Ine

Answer & Explanation Solved by verified expert

See Answer