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bachelor in business administration
Polytechnic State University Sanluis
Jan-2006 - Nov-2010
CPA
Polytechnic State University
Jan-2012 - Nov-2016
Professor
Harvard Square Academy (HS2)
Mar-2012 - Present
45.             Â
In each of the following independent situations, determine the corporation’s income tax liability. Assume that all corporations   use a calendar year for tax
purposes and that the tax year involved is 2015.
Â
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Taxable Income
|
Purple Corporation |
$Â Â Â Â Â Â Â Â Â 65,000 |
|
Azul Corporation |
290,000 |
|
Pink Corporation |
12,350,000 |
|
Turquoise Corporation |
19,000,000 |
|
Teal Corporation (a personal service  corporation) |
130,000 Â |
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