Lintner beverage corp. reported the following information from their financial statements:
operating income (ebit) = $14,000,000
interest payments on long-term debt = $1,750,000
dividend income = $1,000,000

calculate lintner's total tax liability using the corporate tax schedule below:

taxable income tax on base of bracket percentage on excess above base
$0-$50,000 $0 15%
$50,000-$75,000 7,500 25    
$75,000-$100,000 13,750 34    
$100,000-$335,000 22,250 39    
$335,000-$10,000,000 113,900 34    
$10,000,000-$15,000,000 3,400,000 35    
$15,000,000-$18,333,333 5,150,000 38    
over $18,333,333 6,416,667 35 

assume a 70% dividend exclusion for tax on dividends.

a. $5,236,850
b. $4,077,875
c. $4,292,500
d. $4,378,350
e. $3,348,150

Josie, an unmarried taxpayer, has $155,000 in salary, $10,000 in income from a passive investment in a limited partnership, and a $26,000 passive loss from a real estate rental activity in which she actively participates. if her modified adjusted gross income is $155,000, how much of the $26,000 loss is deductible

Roi analysis using dupont model. charlie? s furniture store has been in business for several years. the firm? s owners have described the store as a ? high-price, highservice? operation that provides lots of assistance to its customers. margin has averaged a relatively high 32% per year for several years, but turnover has been a relatively low 0.4 based on average total assets of $800,000. a discount furniture store is about to open in the area served by charlie? s, and management is considering lowering prices in order to compete effectively. required: a. calculate current sales and roi for charlie? s furniture store. b. assuming that the new strategy would reduce margin to 20%, and assuming that average total assets would stay the same, calculate the sales that would be required to have the same roi as they currently earned. c. suppose that you presented the results of your analysis in parts a and b of this problem to charlie, and he replied, ? what

Quantitative problem: you need $20,000 to purchase a used car. your wealthy uncle is willing to lend you the money as an amortized loan. he would like you to make annual payments for 4 years, with the first payment to be made one year from today. he requires a 8% annual return. what will be your annual loan payments? round your answer to the nearest cent. do not round intermediate calculations. $ how much of your first payment will be applied to interest and to principal repayment? round your answer to the nearest cent. do not round intermediate calculations. interest: $ principal repayment