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(Solution) - Fawn Corporation a C corporation paid no dividends and recognized

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Fawn Corporation, a C corporation, paid no dividends and recognized no capital gains or losses in the current year. What is its income tax liability assuming its taxable income for the year is
a. $50,000
b. $14,000,000
c. $18,000,000
d. $34,000,000


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This question was answered on: Jul 11, 2017

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