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1. In each of the following independent situations, determine the corporation's income tax liability. Assume that all corporations use a calendar year 2017. Taxable Income

1. In each of the following independent situations, determine the corporation's income tax liability. Assume that all corporations use a calendar year 2017. Taxable Income Violet Corporation $ 63,000 Indigo Corporation 180,000 Orange Corporation 510,000 Blue Corporation 11,100,000 Green Corporation (personal service corporation) 225,000

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