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Interest versus dividend income During the year stended. Shering Distribution, Inc., od pretings from perions of 483.000. In addition, caring they received $23.00 in income from resten Bondeling Manufacturing and received 23,000 in income from dividends on its 4% common stockholding in Tank Industries. In Sharing is in the brachten ble for a 70% de los Torres a. Calculate the first on mening caming only b. Find the tax and the after tax amountbutable to the interest income from Zg Mancing bond c. Find the tax and the formount totable to the dividend income from the Tank Industries, Ine.common Vock d. Compare, contest and on the tax amounting from the interest income and did nome calculated to partsband What is the total tax liability for the you? ..The tax on operating earning is sound to restor) b. Complete the table below to compute the text and mountable to the recome Round to the newest Interest income Before-tax amour Aplicate chesion Tautour Tax Armour e. Complete the table below to cool that and the whole the divided income and other 5 5 Divided income Les Rocco Trabant The 3 in the site and then one to the Union 15 of 26 (1 complete Interest versus dividend Income During the year just ended, Sharing Distributors, Inc., had pretnx earnings from operations of S483,000. In addition, during the year it received $23,000 Manufacturing and received $23,000 in income from dividends on its 4% common stock holding in Tank Industries, Inc. Shering is in the 34% tax bracket and is eligible for a 70% dividend a. Calculate the firm's tax on its operating comings only b. Find the tax and the after-tax amount attributable to the interest income from Zig Manufacturing bonds c. Find the tax and the after tax amount attributable to the dividend income from the Tank Industries, Inc, common stock d. Compare contrast, and discuss the atter-tax amounts resulting from the interest income and divided income calculated in parts bande What is the firm's total tax liability for the year? After-tax amount e. Complete the table below to compute the tax and the after-tax amount attributable to the dividend income (Round to the nearest dollar) $ Dividend Income Before-tax amount Less: Applicable exclusion Taxable amount Tax (34%) 5 Alerta amount d. Compare, control, and discuss the after-tax amounts resulting from the interest income and dividend income calculated in parte band e. (Select all the choices that apply) DA The after tax amount of dividenda roonived, 520,654, exceeds the after tax amount of Interest, 15,160, due to the 70% corporate dividend exclusion B. The after tax amount of dividends received, 516,180, exceeds the after tax amount of interest, $20,664, due to the 70% corporate dividend exclusion C. Since the after tax amount of interest exceeds the after tax amount of dividende, this increases the atractiveness of stock investments by one corporation in another relative to bond CD Sinon 15e ater tax amount of dividende soods the after-tax amount of interen, is increases the attractiveness of stock investments by one corporation in another relative to bond .. The total tax liability for the year is Round to the nearest dolar) Enter any number in the edit fields and then continue to the next question MacBook Air

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