Solved: In 2014 the companys fourth year of operations destiny inc, Accounting Basics

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In 2014 the companys fourth year of operations destiny inc

Problem

In 2014, the company's fourth year of operations, destiny inc., a domestic corporation has the following financial data:

business tax- 975,000

minimum corporate income tax- 25,000

What is the gross income and normal taxable income and income tax due?

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Accounting Basics: In 2014 the companys fourth year of operations destiny inc

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Accounting Basics: In 2014 the companys fourth year of operations destiny inc

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