a cleaning company who provides cleaning services in Georgia is not a member of a controlled or affiliated group it reports the following results for the current year (pic of table below)

The accumulated e and p balance and it's reasonable business needs on January 1 of current year where $130,000 the firm can justify the retention of $75,000 of current e and p to meet it's reasonable business needs.

More Info $ Taxable income Federal income taxes Dividends paid in August of the current year 580,000 121,800 110,000 Included in taxable income are the following items that may require special treat $ Long-term capital gains Short-term capital gains Dividends from 229-owned domestic corporation Excess charitable contributions from last year that are deductible in the current year 70.000 1.000 80.000 30,000 Print Done Homework: Homework Chapter 05 Score: 0 of 5 pts PC:5-31 (similar to) 5 of 5 (4 complete) Moon Cleaning, Inc. provides cleaning services in Atlanta, Georgia. It is not a member of a controlled or an affiliated group. Moon reports the following results for the current year. i (Click the icon to view results.) Moon's accumulated E&P balance and its reasonable business needs on January 1 of the current year, were $130,000. The firm can justify the retention of $75,000 of current E&P to meet its reasonable business needs Read the requirements Requirements a, and b. What is Moon's accumulated taxable income and accumulated earnings tax liability? Begin by entering the positive adjustments to regular taxable income, then enter the negative adjustments and compute the accumulated taxable income. Finally, compute the accumulated earings taliability (Enter tax rate in decimal form O.XX) Taxable income Plus: More Infos 0 Requirements Taxable income 3 What is Moon's accumulated taxable income? b. What is Moon's accumulated earnings tax liability? 580.000 121.300 110,000 Federal income taxes Dividends paid in August of the current year Print Done Included in taxable income are the following items that may require special treatment Long-term capital gains Short-term capital gains 1.000 80.000 Dividends from 2 -owned domestic corporation Excess charitable contributions from last year that are deductibe in the current year Choose from any list or enter any number in the input fields and then click Check Ans Print Done 2 remaining 2 parts o e a di Type here to search