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5 Required information [The following information applies to the questions displayed below.j Part 2 of 2 In its first year of existence (year 1), SCC
5 Required information [The following information applies to the questions displayed below.j Part 2 of 2 In its first year of existence (year 1), SCC corporation (a C corporation) reported a loss for tax purposes of $30,000. How much tax will SCC pay in year 2 if it reports taxable income from operations of $20,000 before considering loss carryovers under the following assumptions? (New Corporate income tax rate has been mentioned as "21% on all taxable income. as per the recent change. Leave no answer blank. Enter zero if applicable.) 0.52 points b. Year 1 is 2018. Answer is complete but not entirely correct. SCC Tax liability in Year
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