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    Principles of Managerial Finance
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    Exam 2: The Financial Market Environment
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    The Tax Liability of a Corporation with Ordinary Income of $105,000
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The Tax Liability of a Corporation with Ordinary Income of $105,000

Question 19

Question 19

Multiple Choice

The tax liability of a corporation with ordinary income of $105,000 is


A) $42,000.
B) $35,700.
C) $23,950.
D) $24,200.

Correct Answer:

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