Beta corporation received permission to change its tax year
Beta Corporation received permission to change its tax year from a calendar year to a year ending August 31. Its income for the eight months ended August 31 is $96,000. What is Beta Corporation’s tax liability for its short tax year?
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Beta Corporation received permission to change its tax year from a calendar year to a year ending August 31. Its income for the eight months ended August 31 is $96,000.
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