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    Exam 17: Corporations: Introduction and Operating Rules
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    Thrush Corporation, a Calendar Year C Corporation, Files Its Current
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Thrush Corporation, a Calendar Year C Corporation, Files Its Current

Question 62

Question 62

True/False

Thrush Corporation, a calendar year C corporation, files its current year Form 1120, which reports taxable income of $200,000 for the year. The corporation's tax is $42,000.

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