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  3. Study Set
    Income Tax Fundamentals
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    Exam 7: Accounting Periods and Methods and Depreciation
  5. Question
    The Dot Corporation Has Changed Its Year-End from a Calendar
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The Dot Corporation Has Changed Its Year-End from a Calendar

Question 63

Question 63

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) $10,572

Correct Answer:

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