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please show work! The Parent consolidated group reports the following results for the 2021 tax year: Do not round any division in your computations. If
please show work!
The Parent consolidated group reports the following results for the 2021 tax year: Do not round any division in your computations. If required, round vour answers to nearest whole dollar. If an amount is zero, enter " 0 ". a. What is the group's consolldated taxable income and consolidated tax liability? If the relative taxable income method, the consolidated taxable income is 5 and the total consolidated tax liability is If the relative taxable income method, the consolidated taxable income is $ and the total consolidated tax liability is b. If the Parent group has consented to the relative taxable income method, how will the consolidated tax liability be allocated among the Parent and Subsidiaries 1,2 , and 3 Step by Step Solution
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