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In Each of the Following Independent Situations, Determine the C

Question 112

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In each of the following independent situations, determine the C corporation's income tax liability. Assume that all corporations use a calendar year 2019.  Taxable  income  Violet Corporation $63,000 Indigo Corporation 180,000 Orange Corporation 510,000 Blue Corporation 11,100,000 Green Corporation (personal service 225,000 corporation) \begin{array}{lr}&\text { Taxable } \\&\text { income }\\\text { Violet Corporation } & \$ 63,000 \\\text { Indigo Corporation } & 180,000 \\\text { Orange Corporation } & 510,000 \\\text { Blue Corporation } & 11,100,000 \\\text { Green Corporation (personal service } & 225,000 \\\text { corporation) } &\end{array}

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