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 $48,000. The tax for this short period is:
A) $4,800
B) $7,200
C) $8,667
D) $12,000
Correct Answer:
Verified
Correct Answer:
Verified
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