TMZ Corporation has a taxable income of $300,000. Of this amount, 90% was earned in the province.

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TMZ Corporation has a taxable income of $300,000. Of this amount, 90% was earned in the province. What is TMZ Corporation's federal tax payable for the year?

A. $22,000

B. $48.000

C. $87.000

D. $52,500

Posted Date: Nov 14, 2021 05:02 PM

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TMZ Corporation has a taxable income of $300,000. Of this amount, 90% was earned in the province.

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Expert Answer:

Answer B 48000 TMZ Corporation has a ... View the full answer

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