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Corporate Income tax expense on the statement is calculated: a. the corporation's actual tax liability +-changes in deferred taxes b. Corporations are not subject to

Corporate Income tax expense on the statement is calculated:

a. the corporation's actual tax liability +-changes in deferred taxes

b. Corporations are not subject to taxation.

c. earnings before taxes x the corporation's tax rate.

d. if they get a refund, there will be no tax expense.

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