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Quince Corporation Changes Its Year-End from a Fiscal Year-End to a Calendar

Question 69

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Quince Corporation changes its year-end from a fiscal year-end to a calendar year-end. The corporation has taxable income of $39,000 for its 3-month short period beginning October 1, 2014 and ending December 31, 2014. Calculate the corporation's tax for the short period.

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$39,000 / 3 months × 12 months...

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