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Management at XYZ Ltd anticipates an o perating profit of 230,000 in 2020. The company had reported an operating loss of 70,000 in 2019. If

Management at XYZ Ltd anticipates an operating profit of 230,000 in 2020. The company had reported an operating loss of 70,000 in 2019. If the UK corporation tax rate is 20%, Calculate XYZ Ltd tax liability for 2020. Show your calculations.

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