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Cathy Charities has unused space in its administrative office building. One of the board members suggests renting that space to local businesses for $400 per
Cathy Charities has unused space in its administrative office building. One of the board members suggests renting that space to local businesses for $400 per month to assist in the payment of the mortgage. What is the consequence of doing so? If the corporate income tax rate is 21%, calculate the tax on one years rent collections.
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