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Income earned by oil and gas corporations is taxed at a rate of 35%. True O False Company A is owned 66% by a Qatari
Income earned by oil and gas corporations is taxed at a rate of 35%. True O False Company A is owned 66% by a Qatari National and 34% by a foreign owner. The company had $200,000 in Net Income and a NOL of $23,000 from the previous year. How much tax is owed by the Foreign owner? 60,180 6,018 177,000 23,000
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