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Cranberry Corporation has $3,528,000 of current year taxable income. Use 2017 tax rate schedule if needed. Required: a. If the current year is a calendar
Cranberry Corporation has $3,528,000 of current year taxable income. Use 2017 tax rate schedule if needed. Required: a. If the current year is a calendar year ending on December 31, 2017, calculate Cranberry's regular income tax liability. b. If the current year is a calendar year ending on December 31, 2018, calculate Cranberry's regular income tax liability. c. If the current year is a fiscal year ending on April 30, 2018, calculate Cranberry's regular income tax liability. Note: Do not round intermediate calculations. Cranberry Corporation has $3,528,000 of current year taxable income. Use 2017 tax rate schedule if needed. Required: a. If the current year is a calendar year ending on December 31, 2017, calculate Cranberry's regular income tax liability. b. If the current year is a calendar year ending on December 31, 2018, calculate Cranberry's regular income tax liability. c. If the current year is a fiscal year ending on April 30, 2018, calculate Cranberry's regular income tax liability. Note: Do not round intermediate calculations
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