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John and his brother, Brent, are the only stockholders of JB Corporation (C Corp). They do not have any other employees. Their gross income for
John and his brother, Brent, are the only stockholders of JB Corporation (C Corp). They do not have any other employees. Their gross income for the year is $75,000, and their total expenses were $37,500. What is the amount of federal income tax the corporation will owe on this amount of income?
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Smith and Roberson Business Law
Authors: Richard A. Mann, Barry S. Roberts
15th Edition
1285141903, 1285141903, 9781285141909, 978-0538473637
