Quick Painting Company had sales revenue of $1,250,000 from operations during tax year one. Here are some operating data on the company for that year:

Labor expenses
$550,000
Material costs
$185,000
Depreciation expenses
$32,500
Interest income on time deposit
$6,250
Bond interest income
$4,500
Interest expenses
$12,200
Rental expenses
$45,000
Dividend payment to Quick's shareholders
$40,000
Proceeds from sale of old equipment the has a book value of $20,000
$23,000

a. What is Quick's taxable gains?
b. What is Quick's taxable income?
c. What is Quick's marginal and effective (average) tax rate?
d. What is Quick's net cash flow after tax?