A corporation is classified as a personal holding company. Its taxable income is $300,000and its regular federal
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A corporation is classified as a personal holding company. Its taxable income is $300,000 and its regular federal income tax liability is $63,000. The company claims a $40,000 dividends-received deduction and pays $30,000 dividends to its shareholders. The personal holding company tax is
$49,400.
$61,400.
$41,400.
$62,000.
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
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