Question

Andrews corporation has income from operations of $227,000. in addition, it received interest income of $22,700 and received dividend income of $30,100 from another corporation. finally, it paid $10,900 of interest income to its bondholders and paid $47,500 of dividends to its common stockholders. using the 2013 corporate tax schedule, what is the firm's federal income tax

Answer 1

10,900 + 47,500 = 57,900