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confused 40. A calendar year corporation comes into existence on August 1, 2021. The corporation meets all of the requirements of comes into existence on
confused
40. A calendar year corporation comes into existence on August 1, 2021. The corporation meets all of the requirements of comes into existence on August 1, 2021. The corporation mects corporation have to file a valid business corporation since its inception. How long does the year? a. November 1,2021 . b. September 15,2021 . c. October 15, 2021. d. October 1.2021 Clask, a 12-year-old child, lives with his parents. During the current year. Clark earned \$2,400 delivering newspapers. This was his only income. Clark's parents file a joint return and elaim Clark as a dependent. Considering this information, which of the following statements is correct? a. The parents must report Clark's income on their tax return. b. Chark must use his parents' tax rate to compute his tax liability. c. Clark's taxable income is $1,350. d. Cliuk's taxable income is $0. e. None of the above. 33. Rhonda is single and receives the following income during the year: $30,000 taxable pension, $6,000 in social security payments, and $1,000 of interest on State of lowa bonds. What is Rhondia's adjusted gross income based on the above information? a. $36,000 b. $34,500 c. $33,000 d. $30,000 e. None of the above Step by Step Solution
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