Zach Ltd. produced the following data for the year 2015 – o Interest Income $4,650,000 o Capital Gain realized $50,000 o Dividend Income from company’s 25% ownership in XYZ Ltd. $65,000 o Corporate tax rate 40% Calculate the tax on Interest Income, tax on Capital Gain and tax on Dividend Income.
Zach Ltd. produced the following data for the year 2015 – o Interest Income $4,650,000 o Capital Gain realized $50,000 o Dividend Income from company’s 25% ownership in XYZ Ltd. $65,000 o Corporate tax rate 40% Calculate the tax on Interest Income, tax on Capital Gain and tax on Dividend Income.
Chapter17: Corporations: Introduction And Operating Rules
Section: Chapter Questions
Problem 1BCRQ
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Zach Ltd. produced the following data for the year 2015 –
o Interest Income $4,650,000
o
o Dividend Income from company’s 25% ownership in XYZ Ltd. $65,000
o Corporate tax rate 40%
Calculate the tax on Interest Income,
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