Calculating alpha corporation tax


Problem:

Alpha Corporation, a personal holding company, has the following results.

Taxable income                        $200,000
Dividends-received deduction       30,000
Life insurance proceeds               10,000
Excess charitable contributions     10,000
Long-term capital gains                10,000
Federal income taxes                   61,000

I need help with calculating Alpha Corporation's tax.

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Accounting Basics: Calculating alpha corporation tax
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