Corporate Taxes

| March 14, 2016

Hunt Taxidermy, Inc. is concerned about the taxes paid by the company in 2008. In addition to $33.50 million of taxable income, the firm received $1,850,000 of interest on state-issued bonds and $570,000 of dividends on common stock it owns in Hunt Taxidermy, Inc.(Use Table 2.3)

Calculate Hunt Taxidermy’s tax liability, average tax rate, and marginal tax rate. (Enter your answer in dollars not in millions. Round your answer to the nearest dollar amount. Omit the “$” and “%” signs in your response.)

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