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What is the income tax liability for purrfect pet

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Reference no: EM131965771

Problem

Purrfect Pet Industries' income before taxes is $800,000 and its tax rate is 40%. Purrfect Pet included $50,000 of fully deductible inter-corporate dividends received in the? $800,000. There are no other book-tax differences. What is the income tax liability for Purrfect Pet?

 

 

Reference no: EM131965771

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