uantitative Problem: Andrews Corporation has income from operations of $237,000. In addition, it received interest...
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uantitative Problem: Andrews Corporation has income from operations of $237,000. In addition, it received interest income of $23,700 and received dividend income of $30,900 from another corporation. Finally, it paid $11,800 of interest income to its bondholders and paid $41,100 of dividends to its common stockholders. The firm's federal tax rate is 21%. What is the firm's federal income tax? Do not round intermediate calculations. Round your answer to the nearest dollar
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