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Give me answer D,E P1-9 Interest versus dividend income During...

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Finance

Give me answer D,E
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P1-9 Interest versus dividend income During the year just ended, Shering Distributors, Inc, had pretax earnings from operations of $490,000. In addition, during the year it received $20,000 in income from interest on bonds it held in Zig Manufacturing and received $20,000 in income from dividends on its 5% common stock holding dividend exclusion on its Tank Industries stock. a. Calculate the firm's tax on its operating earnings only. b. Find the tax and the after-tax amount attributable to the interest income from c. Find the tax and the after-tax amount attributable to the dividend income from d. Compare, contrast, and discuss the after-tax amounts resulting from the interest e. What is the firm's total tax liability for the year? Zig Manufacturing bonds. the Tank Industries, Inc., common stock income and dividend income calculated in parts b and c

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