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What is the corporate income tax liability at december

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Problem 1: ABC Inc. pays its general manager an annual bonus of 6% of profit after deduction for both bonus and corporate income tax. For the year 2020, the company realized profit of 10 800,000 before said deductions. The income tax rate is 30%. What is the corporate income tax liability at December 31, 2020?

Reference no: EM132767301

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