Calculate the income tax liability using the tax rates for


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

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Accounting Basics: Calculate the income tax liability using the tax rates for
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