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Compute the current-year income tax liability

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Problem - Compute the current-year income tax liability for each of the following unrelated calendar year C corporations.

a. Darter Corporation has taxable income of $68,000.

b. Owl Corporation has taxable income of $10,800,000.

c. Toucan Corporation, a personal service corporation, has taxable income of $170,000.

Reference no: EM132644285

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