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Exercise 3-29 (Algorithmic) (LO. 3) Compute the current-year income tax liability for each of the following unrelated calendar year C corporations. a. Darter Corporation has

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Exercise 3-29 (Algorithmic) (LO. 3) Compute the current-year income tax liability for each of the following unrelated calendar year C corporations. a. Darter Corporation has taxable income of $56,300. b. Owl Corporation has taxable income of $13,204,000. c. Toucan Corporation, a personal service corporation, has taxable income of $305,000

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