Calculate the income tax liability using the tax rates for December 2015 for each of the following
Calculate the income tax liability using the tax rates for December 2015 for each of the following unrelated C
Corporations. The corporations are unrelated.
| Name of C Corporation | Amount of Taxable Income |
| a: Donut Corporation | $69,000 |
| b: Littles Corporation | $10,800,000 |
| c: Skylark Corporation (a Personal Service corporation) | $174,000 |
(Points : 30)
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