In Each Of The Follwing Independent Situations Determine The Corporation S Incom

In each of the follwing independent situations, determine the corporation’s income tax liability. Assume that all corporations use a calender year and that the year invovled is 2010. Show computations32,000280,000335,0004,335,00020,000,000

6750281Corporation’s Income tax liability for the year 2010 –Federal Tax liabilityA Corp. –Taxable income – $32,000Tax liability – @15% for income < $50,000 = 15% on $32,000 = $4,800…