Grevilla Corporation is a manufacturing company. The corporation has accumulated earnings of $950,000, and it can establish

Question:

Grevilla is a manufacturing company. The has accumulated earnings of $950,000, and it can establish reasonable needs for $400,000 of that amount. Calculate the amount of the accumulated earnings tax (if any) that Grevilla is subject to for this year. $_________
Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...