Question 460 Griffey Communications recently realized $110,000 in operating income. The company had interest income...
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Question 460 Griffey Communications recently realized $110,000 in operating income. The company had interest income of $30,000 and realized $70,000 in dividend income. The company's interest expense was $45,000. Its corporate tax rate is 25%. Griffey is a small company, so it is not subject to the interest expense deduction limitation Assume a 50% dividend exclusion for taxes on dividends. a $32,500 b. 541,250 c343.750 d. 523.750 e. 552,500 0fceny
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