In the current year, Maxwell Corporation is deemed to be a PHC and reports the following results: (Click the icon to view the results.) Read the requirements - X Data table Requirement a. What is Maxwell's regular tax liability (ignoring any AMT implications)? Taxable income 110,000 Maxwell's regular income tax liability is 23100 Dividend received from an 18%-owned domestic corporation Dividends paid in the sixth month of the current year 30,000 60,000 Requirement b. What is Maxwell's PHC tax liability? Begin by computing the undistributed personal holding company income (UPHCI). Then compute Maxwell's PHC ta Taxable income 110000 Plus: Dividends-received deduction Print Done Minus: Federal income taxes 23100 60000 Dividends-paid deduction Undistributed personal holding company income (UPHCI) Times: Tax rate 20 Personal holding company tax