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Author Question: Dozen Corporation is owned equally by twelve unrelated individuals. Its taxable income this year is ... (Read 99 times)

maychende

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on: Sep 13, 2020

Question 1

A corporation is classified as a personal holding company. Its taxable income is $300,000 and its regular federal income tax liability is $100,250. The company claims a $40,000 dividends-received deduction and pays $30,000 dividends to its shareholders. The personal holding company tax is
◦ $41,950.
◦ $29,963.
◦ $31,463.
◦ $65,053.

Question 2

Dozen Corporation is owned equally by twelve unrelated individuals. Its taxable income this year is $100,000 and its regular federal income tax liability is $22,250. The company claims a $20,000 dividends-received deduction and pays $25,000 dividends to its shareholders. The corporation had accumulated earnings and profits of $900,000 at the end of the preceding year. The company has no reasonable needs of the business. The accumulated earnings tax is
◦ $7,913.
◦ $10,913.
◦ $14,550.
◦ $13,188.
Federal Taxation 2017 Individuals ¦ Pope, Rupert, Anderson ¦ 30th Edition
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Marked as best answer by maychende on Sep 13, 2020

kilada

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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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maychende

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Reply 2 on: Sep 13, 2020
Excellent

ktidd

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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