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Author Question: The corporate tax return has been prepared for Go Corporation, which showed taxable income of ... (Read 57 times)

renzo156

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on: Sep 13, 2020

Question 1

Ohio Corporation's taxable income for the current year is $300,000. Its tax liability is
◦ $78,000.
◦ $100,250.
◦ $102,000.
◦ $117,000.

Question 2

The corporate tax return has been prepared for Go Corporation, which showed taxable income of $60,000. Prior to mailing the return, you learn that Go Corporation and Fish Corporation are owned by the same stockholders. Since Go Corp. and Fish Corp. are brother-sister corporations, it will be necessary for you to recompute the tax liability for Go Corporation, based on an equal apportionment of the lower tax rates. What will be the corrected tax liability for Go Corporation?
◦ $9,000
◦ $14,525
◦ $15,025
◦ $21,000
Federal Taxation 2017 Individuals ¦ Pope, Rupert, Anderson ¦ 30th Edition
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Marked as best answer by renzo156 on Sep 13, 2020

ciecieme

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Reply #1 on: Sep 13, 2020
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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renzo156

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Reply 2 on: Sep 13, 2020
YES! Correct, THANKS for helping me on my review

scikid

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Reply 3 on: Yesterday
Excellent

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