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Martin, Inc. is a C corporation. For 2022, Martin, Inc, reported taxable income of $550,000. At the end of the year, Martin distributed $300,000 cash

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Martin, Inc. is a C corporation. For 2022, Martin, Inc, reported taxable income of $550,000. At the end of the year, Martin distributed $300,000 cash to Craig, the company's sole shareholder. What is Martin inc.'s 2022 federal income tax lability? Select one: a. $52,500 b. $115,500 c. $63,000 d. $99,000 e. None of these choices

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