Multiple Choice
Santana Corporation operates a golf shop. It properly elected Subchapter S status on March 1 of the current year. Taxable income for the current year is $120,000. What is Santana Corporation's income tax liability?
A) $- 0 -
B) $3,000
C) $18,000
D) $25,200
E) $40,800
Correct Answer:
Verified
Correct Answer:
Verified
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