In the current year, Kennedy Corporation is deemed to be a PHC and reports the following results: i (Click on the icon to view the corporation's results.) Read the requirements. Requirement a. What is Kennedy's PHC tax liability? Begin by computing the undistributed personal holding company income (UPHCI). Then compute Kennedy's PHC tax liability. (Enter tax rate in decimal form, 0.XX. Round your answer to the nearest whole dollar.) Taxable income Plus: Dividends-received deduction Minus: Federal income taxes Requirements Dividends-paid deduction Capital gain Minus: Federal income taxes a. What is Kennedy's PHC tax liability? b. What measures can Kennedy take to eliminate the PHC tax liability after year-end and before Kennedy files its tax return? After Kennedy files its tax return? Undistributed personal holding company income (UPHCI) In the current year, Kennedy Corporation is deemed to be a PHC and reports the following results: i (Click on the icon to view the corporation's results.) Read the requirements. Requirement a. What is Kennedy's PHC tax liability? Begin by computing the undistributed personal holding company income (UPHCI). Then compute Kennedy's PHC tax liability. (Enter tax rate in decimal form, 0.XX. Round your answer to the nearest whole dollar.) Taxable income Plus: Dividends-received deduction Minus: Federal income taxes Requirements Dividends-paid deduction Capital gain Minus: Federal income taxes a. What is Kennedy's PHC tax liability? b. What measures can Kennedy take to eliminate the PHC tax liability after year-end and before Kennedy files its tax return? After Kennedy files its tax return? Undistributed personal holding company income (UPHCI)