What is moore''s regular tax liability


PHC Tax. In the current year, Moore Corporation is deemed to be a PHC and reports the following results:
Taxable income $200,000
Dividend received from an 18% -owned domestic corporation 50,000
Dividend paid 75,000

a. What is Moore's regular tax liability(ignoring any AMT implication)?
b. What is Moore's PHC tax liability?
c. What measures can Moore take to eliminate its PHC Tax liability after year-end and before it files its tax return? After it files its tax return?"

 

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Accounting Basics: What is moore''s regular tax liability
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