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2. Calculate the tax liability for each of the following: a. Doctors Inc. is a corporation owned by four physicians in which they operate their

2.

Calculate the tax liability for each of the following:

a. Doctors Inc. is a corporation owned by four physicians in which they operate their medical practice. For the current year, Doctors Inc. had taxable income of $135,000.

.

b. TasteCo, Inc. reported $210,500 of taxable income this year.

c. John's, Inc. manufactures and sells fine furniture. It had taxable income of $40,000,000.

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