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a. What is the group's consolidated taxable income and consolidated tax liability? If the relative taxable income method , the consolidated taxable income is $24,300
a. What is the group's consolidated taxable income and consolidated tax liability?
If the relative taxable income method, the consolidated taxable income is $24,300 and the total consolidated tax liability is $5103
b. If the Parent group has consented to the relative taxable income method, how will the consolidated tax liability be allocated among the Parent and Subsidiaries 1, 2, and 3?
Entity Income or Loss Parent $ Sub1 $ 0 Sub2 ta $ Sub3 $ Entity Income or Loss Parent $ Sub1 $ 0 Sub2 ta $ Sub3 $Step by Step Solution
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