Solved: Miscellaneous corp a domestic corporation is on its fifth, Taxation

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Miscellaneous corp a domestic corporation is on its fifth

Problem

Miscellaneous corp., a domestic corporation, is on its fifth ear of operations in 2014. It has the following data:

Sales- 2,350,000

cost of sales- 1,075,000

business expenses- 1,125,000

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

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Taxation: Miscellaneous corp a domestic corporation is on its fifth

Reference No:- TGS02615813

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Taxation: Miscellaneous corp a domestic corporation is on its fifth

Reference No:- TGS02615813

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