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The Carolina Corporation had a 2019 taxable income of $3,000,000 from operations after all operating...

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Finance

The Carolina Corporation had a 2019 taxable income of $3,000,000 from operations after all operating costs but before (1) interest charges of $1,000,000, (3) dividends paid of $1,000,000, and (4) income taxes. If the company's flat tax rate is 25%, what is Carolina's income tax liability?

A.

$500,000
B.

$625,000
C.

$375,000
D.

$750,000

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