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The Dot Corporation Has Changed Its Year-End from a Calendar

Question 9

Multiple Choice

The Dot Corporation has changed its year-end from a calendar year-end to August 31. The income for its short period from January 1 to August 31 is $54,000. The tax for this short period is:


A) $2,040
B) $6,250
C) $8,667
D) $11,340

Correct Answer:

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