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Genesis Corporation has taxable income of $4,000,000. The corporation has no net operating losses, tax credits or special deductions. What is the corporation's tax liability?

image text in transcribed Genesis Corporation has taxable income of $4,000,000. The corporation has no net operating losses, tax credits or special deductions. What is the corporation's tax liability? $1.400,000 .....n.000 $400,000 1

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