Habiby, Inc., has the following income and expenses for 2009 through 2012. What is the amount of
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Habiby, Inc., has the following income and expenses for 2009 through 2012. What is the amount of tax that Habiby should pay each year? Use the corporate tax rate schedules in Appendix A to compute the taxliability.
Transcribed Image Text:
2009 2010 2011 2012 S 280,000300,000 290,000 320,000 (180,000) 200,000 (600,000) 220,000) Operating Income S 100,000$ 100,000 (310,000) S 100,000 Income Expenses
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Using the corporate tax rate schedules Habiby would have paid a tax of 22250 ea...View the full answer
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Related Book For
Concepts In Federal Taxation
ISBN: 9780324379556
19th Edition
Authors: Kevin E. Murphy, Mark Higgins, Tonya K. Flesher
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