c h a p t e r t w o p r o b l e m s（w c h p t e r t o p r o b l e m s）.docVIP

CHAPTER TWO PROBLEMS 1. Your corporation has the following cash flows: Operating income $250,000 Interest received 10,000 Interest paid 45,000 Dividends received 20,000 Dividends paid 50,000 If the applicable tax table is as follows: Taxable Income Rate -------------- ---- $ 0 - 25,000 16% 25 - 50,000 19 50 - 75,000