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In 2019, a public corporation earned $300,000 of manufacturing profits (M&P) (determined using the formula) and $50,000 of other income. What would be the federal

In 2019, a public corporation earned $300,000 of manufacturing profits (M&P) (determined using the formula) and $50,000 of other income. What would be the federal tax applicable to these profits?

Multiple Choice

A. $13,500

B. $31,500

C. $46,000

D. $52,500

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