Boyce Industries, a manufacturing corporation, has accumulated earnings of $325,000 and cannot show any reasonable need for

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Boyce Industries, a manufacturing corporation, has accumulated earnings of $325,000 and cannot show any reasonable need for the accumulated earnings. What is Boyce’s accumulated earnings tax?

a. $15,000

b. $0

c. $13,750

d. $75,000

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Related Book For answer-question

Income Tax Fundamentals 2019

ISBN: 9781337703062

37th Edition

Authors: Gerald E. Whittenburg, Steven Gill

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Question Posted: Mar 02, 2019 07:31 AM

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Boyce Industries, a manufacturing corporation, has accumulated earnings of $325,000 and cannot show any reasonable need for

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Income Tax Fundamentals 2019

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