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1. Given the following information, what is the corporations federal tax obligation? Taxable income: Taxable income: Taxable income: Taxable income: Year Earnings 1 $1,000 $2,000

1. Given the following information, what is the corporations federal tax obligation? Taxable income: Taxable income: Taxable income: Taxable income: Year Earnings 1 $1,000 $2,000 $65,000 $1,000,000 $50,000,000

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