Part 1 of 5Interest versus dividend income Depot Logistics Inc. has declared pretax income from its operations for the year of $560,000. In addition, it also received an interest payment of $40,000...

Extracted text: Question 17, P1-9 (book/static) > Part 1 of 5 Interest versus dividend income Depot Logistics Inc. has declared pretax income from its operations for the year of $560,000. In addition, it also received an interest payment of $40,000 on bond stock held in Warehouse PLC. During the year. they also received $40,000 in income from dividends on its 20% common stock holding in Zephir PLC. Depot Logistics is a. Calculate the tax liability for Depot Logistics on its operating income. b. Calculate the tax and after-tax income attributable to the interest income received on account of bond stock, from Warehouse PLC. c. Find the tax and after-tax income owing to the dividend income received on account of common stock, from Zephir PLC. d. Compare and comment on the after-tax amounts resulting from the interest income and dividend income calculated in part b and c. e. What is the firm's total tax liability for the year? the 30% tax bracket and is eligible for a 70% dividend exclusion on its Zephir PLC stock. a. The tax liability for Depot Logistics on its operating income is $