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Author Question: Major Corporation's taxable income for the current year is $335,000. Its tax liability is (Read 39 times)

danielfitts88

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Question 1

Indicators of possible exposure of accumulated earning tax risk would include all of the following except
◦ substantial marketable securities held by the corporation.
◦ loans to shareholders.
◦ limited dividend paying history.
◦ All of these factors could indicate retention of earnings beyond business needs.

Question 2

Major Corporation's taxable income for the current year is $335,000. Its tax liability is
◦ $84,250.
◦ $102,150.
◦ $113,900.
◦ $117,250.


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Marked as best answer by danielfitts88 on Sep 13, 2020

InfiniteSteez

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danielfitts88

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Reply 2 on: Sep 13, 2020
Thanks for the timely response, appreciate it


bigsis44

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

 

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