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    Business
  3. Study Set
    Federal Taxation
  4. Exam
    Exam 5: Other Corporate Tax Levies
  5. Question
    Which of the Following Is Not Permitted an Accumulated Earnings
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Which of the Following Is Not Permitted an Accumulated Earnings

Question 3

Question 3

Multiple Choice

Which of the following is not permitted an accumulated earnings credit based on reasonable needs of the business?


A) an incorporated engineer
B) an operating company
C) an investment company
D) All of the above are permitted a credit based on reasonable business needs.

Correct Answer:

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