Corporations income tax liability

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Reference no: EM13122626

In each of the following independent situations, determine the corporation's income tax liability. Assume that all corporations use a calendar year for tax purposes and that the tax year involved is 2010.

                                Taxable income
Purple Corporation            $65,000
Azul Corporation               210,000
Pink Corporation               335,000
Turquoise Corporation       5,100,000
Teal Corporation             19,500,000

Reference no: EM13122626

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