What is abdo tax liability


Abdo Corporation received permission to change its tax year-end from December 31 to August 31 in 2010. Its income from January 1 through August 31 is $278,000. What is Abdo's tax liability?

1. $91,670

2. $94,520

3. $108,420

4. $141,780

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Accounting Basics: What is abdo tax liability
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