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In 2021, Martin Corporation incurred a net operating loss (NOL) of (130,000). In 2022, Martin Corporation had taxable income of $100,000 before any loss carryovers.

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In 2021, Martin Corporation incurred a net operating loss (NOL) of (130,000). In 2022, Martin Corporation had taxable income of $100,000 before any loss carryovers. How much is Martin Corporation's federal income tax liability for 2022 ? Select one: a. 0 - b. $21,000 c. $4,200 d. $6,800 e. None of these choices. Martin Corporation has taxable income before DRD of $174,000. Included in that amount is a dividend of $20,000 from a large publicly-traded domestic corporation (Martin owns less than 1\%). Martin also made a $50,000 cash contribution to a qualified charitable organization. The contribution is not included in the net income amount given. What is the taxable income of Martin Corporation for the current tax year (2022) ? Select one: a. $111,000 b. $124,000 c. $114,000 d. $146,600 e. None of these choices

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